- IRS GENERAL TAX INFORMATION --------------------------------------1-800-829-1040

   Hours: Monday - Friday 7 AM - 7 PM

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- IRS ITIN INFORMATION:----------------------------------------------------1-800-908-9982

Where's My Refund-------------------------------------------------------------1-800-829-1954

www.irs.gov

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- CALIFORNIA--------------------------------------------------------------------1-800-852-5711

www.ftb.ca.gov

• Last year's income tax if you are a new client

• Name and address for yourself, spouse, Valid Identification, Social Security Card or (W-7) ITIN and Date of Birth for yourself, spouse and dependents

• Your dependents' Birth certificate, Social security card or (W-7) ITIN, School records, and Medical Card.

• Dependents over 18 years old and going to college form 1098-T tuition statements

• CHILD CARE: Provider, Name, Address, Tax ID and S.S.N. and Phone Number Banking information if Direct Deposit Required

• Wages ALL W-2 forms, 1099 forms and/or Unemployment

• HOME LOAN: form 1098 and Interest Income from Mortgage Bank Interest and/or Dividend Income

• State/Local income tax refunded

• Social Assistance Income

• Pension/Annuity/Stock or Bond Sales

• Gambling/Lottery Winnings and Losses/Prizes/Bonus

• Alimony Income

• Rental Income

• Self Employment/Tips

• Foreign Income

Income tax brackets segment income into various brackets, each associated with a specific tax rate that applies solely to the portion of income within that particular bracket.

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Filing Status: Single​

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If the Taxable Income Is:                   The Tax Is:

$0 to $11,925                                     10% of taxable income

$11,925 to $48,475                            $1,192.50 + 12% of the amount over $11,925

$48,475 to $103,350                          $5,578.50 + 22% of the amount over $48,475

$103,350 to $197,300                        $17,651 + 24% of the amount over $103,350

$197,300 to $250,525                        $40,199 + 32% of the amount over $197,300

$250,525 to $626,350                        $57,231 + 35% of the amount over $250,525

Over $626,350                                   $188,769.75+ 37% of the amount over                                                                           $626,350

Filing Status: Head of Household

If Taxable Income Is:                          The Tax Is:

$0 to $17,000                                    10% of taxable income

$17,000 to $64,850                           $1,700 + 12% of the amount over $17,00

$64,850 to $103,350                         $7,442 + 22% of the amount over $64,850

$103,350 to $197,300                       $15,912 + 24% of the amount over $103,350

$197,300 to $250,500                       $38,460 + 32% of the amount over $197,300

$250,500 to $626,350                       $55,484 + 35% of the amount over $250,500

Over $626,350                                   $187,031,50 + 37% of the amount over                                                                          $626,350

Filing Status: Married Filing Jointly

If Taxable Income Is:                        The Tax Is:

$0 to $23,850                                    10% of taxable income

$23,850 to $96,950                           $2,385 + 12% of the amount over $23,850

$96,950 to $206,700                         $11,157 + 22% of the amount over $96,950

$206,700 to $394,600                       $35,302+ 24% of the amount over $206,700

$394,600 to $501,050                       $80,398 + 32% of the amount over $394,600

$501,050 to $751,600                       $114,462 + 35% of the amount over $501,050

Over $751,600                                   $202,154.50 + 37 % of the amount over                                                                         $751,600

Filing Status: Married Filing Separately

If Taxable Income Is:                      The Tax Is:

Not over $11,925                          10% of taxable income

$11,925 to $48,475                        $1,192.50+ 12% of the amount over $11,925

$48,475 to $103,350                      $5,578.50 + 22% of the amount over $48,475

$103,350 to $197,300                    $17,651 + 24% of the amount over $103,350

$197,300 to $250,525                    $40,199 + 32% of the amount over $197,300

$250,525 to $375,800                    $57,231 + 35% of the amount over $250,525

Over $375,800                               $101,077.25 + 37% of the amount over                                                                           $375,800

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Standard Mileage Rate

Standard mileage rates are used for calculating the deductible expenses related to using a personal vehicle for work-related purposes. The rates are typically based on the number of miles driven and are meant to cover the cost of operating a vehicle (fully electric, hybrid, gasoline or diesel-powered), including fuel, maintenance, and depreciation.

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USE                                                                                            RATE

Business                                                                                   70 cents

Medical Care or Move (Military only)                                    21 cents

Charitable                                                                               14 cents

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Standard Deduction

The standard deduction is a set amount that taxpayers can subtract from their adjusted gross income to reduce their taxable income. It is a flat dollar amount that varies depending on the taxpayer's filing status and is intended to simplify the tax filing process for individuals who may not have many itemized deductions. Taxpayers can choose to take the standard deduction or itemize their deductions, whichever results in a lower taxable income.

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Filing Status:                                                                 Standard Deduction:

Married Filing Jointly/Surviving Spouses                           $30,000

Heads of Households                                                          $22,500

Single                                                                                    $15,000

Married Filing Separately                                                    $15,000

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Education

The IRS offers education credits and student loan deductions to help taxpayers save money on education-related expenses. Education credits can help offset the cost of tuition, fees, and other eligible expenses for higher education.

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Name                                                                                  Maximum Credit

American Opportunity Credit (AOTC)                                   $2,500

Lifetime Learning Credit (LLC)                                                $2,000

Student Loan Interest Deduction                                           $2,500

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Child Tax Credit

The Child Tax Credit (CTC) is a partially refundable financial benefit provided by the government to eligible families or individuals who have dependent children. It is designed to help reduce the financial burden of raising children by providing a tax credit that directly reduces the amount of tax owed. The credit is typically based on the number of qualifying children and their age.

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                                                                                      Maximum Credit

Child Tax Credit                                                                    $2,000

Advance CTC (Refundable Portion)                                    $1,700

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Earned Income Tax Credit

The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate-income working individuals and families. It is designed to help reduce the tax burden and provide financial support to those who need it.

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Number of Qualifying Children:      One           Two             Three or More       None

Earned Income Amount                   $12,730      $17,880        $17,880            $8,490

Maximum Credit Amount                 $4,328         $7,152          $8,046                 $649

Threshold Phaseout Amount

(Married Filing Jointly)                      $30,470      $30,470        $30,470           $17,730

Completed Phaseout Amount

(Married Filing Jointly)                      $57,554      $64,430       $68,675           $26,214

Threshold Phaseout Amount

(All other filing statuses)                   $23,350      $23,350       $23,350          $10,620

Completed Phaseout Amount

(All other filing statuses)                   $50,434       $57,310       $61,555         $19,104

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Adoption Tax Credit

The Adoption Tax Credit is a nonrefundable tax credit that provides financial assistance to individuals who have adopted a child. The adoption tax credit helps offset some of the costs associated with adoption and provides support to families welcoming a new child into their home.

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Name                                                                            Maximum Credit

Adoption Tax Credit                                                          $17,280

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Retirement

The IRS sets annual contribution limits for retirement accounts like 401(k) plans and IRAs to help individuals save for retirement while receiving tax benefits. Contributions to these accounts are often tax-deductible, and the earnings grow tax-deferred until withdrawal.

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Name:                                                                      Contribution Limit

401(k), 403(b), most 457 plans                                        $23,500

Traditional/Roth IRAs                                                       $7,000

SIMPLE IRAs                                                                     $16,500

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