If you itemize on your income taxes and you donate items to charity its important to have an accurate estimates of the items being donated to make sure you get your full credit. We have added the Salvation Army Donation Guide tool to our tab to help in the process of determining those amounts. The Donation Value Guide helps you determine the approximate tax-deductible value of some of the more commonly donated items. Check it out :)
Don’t be caught off guard come tax time if you are collecting unemployment if you are collecting unemployment the income is taxable and you have to request for them to take federal taxes. If you opt out for having federal taxes to be withheld just be sure prepare and calculate this come tax time.
There are some deductions on the schedule A that are not longer deductible
they were called unreimbursed employee expenses
cellular use of your phone for work
usage of your vehicle for business purposes (not commuting)
union dues
uniforms
tax preparation fees
safe deposit box fees
Be aware that the withholdings on your payroll taxes were lowered so you are prepared at the time to do your taxes, you might notice a little bit more money coming from your paycheck but at the time to do your taxes you in some cases will get less money on your refund.
Adjust your w-4 accordingly
we are not expecting too many delays
but remember the government shutdown and even on a regular optimal season there is always a normal backup on the returns
so
normal backup+ government shutdown + new laws to enforce +irs employees being trained late = some delays
hopefully won’t be too many
have a great season
Please bring a copy of birth certificates of dependents
copy of social security cards
proof of address for everyone
and we need w2s. We cannot do electronic filing with check stubs