Litz Tax & Consulting

03/24/2026

https://www.labor.maryland.gov/license/taxprep/taxprepreq.shtml?fbclid=IwZXh0bgNhZW0CMTEAc3J0YwZhcHBfaWQPNDA5OTYyNjIzMDg1NjA5AAEeVzHfNhIiQY-5eOXXSgyycKGDDxevemekqVGFhYrEbto_BOxWkUww3gXqbGQ_aem_vqdmpom5jVFQZHPAhEc3Tg #:~:text=Individuals%20who%2C%20for%20a%20fee,accordance%20with%20their%20official%20duties

Individuals who, for a fee, prepare federal and state tax returns for Marylanders are required to be registered by the Board. An individual must obtain this registration before soliciting or preparing tax returns.

01/10/2026

For the overtime deduction.
It must break out "overtime" on your pay stub.
The deduction is the HALF in time and a half.
Take each pay stubs, determine your regular rate. Determine your overtime rate. Subtract your regular rate from your overtime rate, use this amount from each paystub. Add the amounts from each paystub for the year.

12/28/2025

12/16/2025

WHY CHOOSE AN ENROLLED AGENT
Enrolled Agents are America’s Tax Experts. We are federally-licensed tax practitioners who specialize in tax preparation and have unlimited rights to represent taxpayers before the Internal Revenue Service. If you get a letter from the IRS, or worse, are audited or are the target of a collection action, your EA can speak directly to the IRS on your behalf.

Enrolled Agents are trained in a wide variety of tax situations, both common and unusual. With tax laws changing yearly, it’s more critical than ever to consult with a qualified tax specialist on your tax and financial strategy. The Enrolled Agent license is the highest credential the IRS issues. Be confident about your tax return – use an Enrolled Agent.
Nora Schmitz has her BS in accouting, a MBA in business and management, and is an Enrolled Agent. She does representation for both Federal and State representation.

732-952-5252

LOOK US UP

08/18/2025

With the passing of OB3 - One Big Beautiful Bill Act - every person and business taxpayer will be affected.
We are setting meetings with Nora to discuss how these changes are going to affect you.
Call the office, 732-952-5252 or send a message to [email protected] to schedule your meeting.

11/26/2023

https://blog.natptax.com/article?articleId=5MJcu4n6r2bNGfyPQipDvF&fbclid=IwAR113REAZ8oJYN7WTPzyRkFoWFaw4X9UYleZh8Q53J-kbXXQ_YhaVinTEq4

The IRS issued its annual inflation adjustments for more than 60 items that will apply for the 2024 tax year. The adjustments outlined in Revenue Procedure 2023-43 include changes to the standard deduction amounts, the marginal income tax rates, the alternative minimum tax exemption, the earned inco...

12/26/2022

Thank you!

https://mycentraljersey.secondstreetapp.com/Best-of-the-Best---My-Central-Jersey---Winners/gallery/357742891/?fbclid=IwAR0KI5XqYSBpvmPXHi2br_G_47xiRSYYH8STofDDqZ1DMkblQmWjcJUDxk0

Check it out now!

11/08/2022

You know your business; we know ours.