Ark Tax Service

02/26/2025

Social Security Tax Exemption
Generally, 85% of your Social Security benefits are subject to tax. However, the percentage of your benefits that are subject to tax may be lower if your total income is lower.

If you are single

And your total income (Social Security plus pension and any earned income) is below $25,000, none of your Social Security income is taxable.
And your total income is between $25,000 and $34,000, only 50% of your Social Security income is subject to tax.
If you are married filing jointly

And your total income is less than $32,000, none of the Social Security income is taxable.
And your total income is between $32,000 and $44,000, only 50% of your Social Security income will be taxed.

04/22/2023

Paddle and Pedal downtown linden event! June 9/10/11th. Self guided event and exercise! Experience Pure Michigan
City of Linden, Michigan- Administrative Offices
Linden, Michigan
Linden Fire Department

03/12/2023

W2 ✅
1099INT✅🍀🍀🍀
Incentive Stock Options🍀🍀🍀🍀🍀🍀🍀
1099 Composite Brokerage🍀🍀🍀
Have Cryptocurrencies 🤬
Sold a House✅🍀
Have Rental Home ✅🍀🍀
Own Small Business ✅🍀🍀🍀
K1✅🥸✅🍀🍀🍀🍀🍀
Now that you have all your tax documents
Schedule your tax appointment today.

03/05/2023

For 2023, the annual gift-tax exemption has risen to $17,000 per donor, per recipient. Using this tax break, a giver can give someone else–such as a relative, friend or stranger–assets up to the limit each year, free of federal gift taxes. So in 2023 a couple with two married children and six grandchildren could make tax-free gifts totaling $340,000 to these 10 relatives, plus $34,000 each to other individuals. Annual gifts aren’t deductible for income-tax purposes, and gifts aren’t income to the recipient.

03/05/2023

Local quality personal income tax and tax planning strategies for self-employed individuals or charitably inclined individuals.

01/29/2023

The SECURE ACT 2.0 was passed into legislation at the end of 2022, with over 400 pages 90 provisions affecting retirement savings plans a lot is changing. While there is nothing that is retroactive for 2022 the good news is no action is needed at this time!

01/29/2023

Why does this matter? Enrolled Agents are required to complete 72 hours of Continuing Education every 3 years. We are proud of our team of Enrolled Agents
Jennifer Lucius, William Zukoff, and Noah Morgan.

Use an tool to research near you or to determine the type of credentials or qualifications held by a specific tax professional. See www.irs.gov/taxprodirectory