Miro's Tax Service

11/29/2024

Some great news for our customers!
Starting January 1, 2025 Miro's Tax Service is partnering with Intuit/Turbo Tax; leading tax returns provider in the USA and Canada! On top of our service, we will offer to our clients even more:
- tax return lifetime guarantee for the full 7 years
- refund advance up to $4,000 with no fees or interest
- 100% accurate calculations guarantee
- maximum refund guarantee - or your money back
- full service guarantee
- business tax guarantee; maximum tax savings with every business deduction possible
- year arround service (not only in tax season)
- 100% expert approved guarantee
- total satisfaction guarantee
- 5 days early refund guarantee
Make the right choice with no worries about your tax return!

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12/16/2023

Well, finaly we know what to expect in taxes for 2023!
Here are some changes compared to last year:
- standard deduction for married couple filling jointly increases to $27,700 (up $1,800)
- for single payers, and married filling separately the deduction is $13,850 (up $900)
- for head of households deduction is $20,800 (up $1,400)
These deductions are adjusted for official inflation rate in 2023 which is currently at 3.1%.
Tax payers with 3 or more children and income low enough to qualify for this credit, maximum earned income tax credit is $7,430 ($495 more than in 2022).
Limits for all brackets in marginal tax rates has been increased for about 3% (higher margins, less taxes).
Student loan interest deduction is capped at $2,500 without using itemized deductions.
Education credit remains up to $2,500 per student for first 4 years of college education.
Green energy credits have been increased to 30% from original expenses (up from 10% in 2022). Keep the receipts for external doors, windows, insulation, high eficiency furnaces, water heaters, etc.
Child adoption credit is up to $15,950 ( up for $1,060).
Standard mileage driven for business is increased to 65.5 cents a mile. Miles driven for medical reasons, mowing and charitable driving is capped at 22 and 14 cents a mile.
Self-employed people can't deduct 100% of assets placed in service in this year (assets with lives of 20 years or less). This is now capped at 80% deduction in first year.
There are many more changes , mostly positive for tax payers!

12/04/2022

Year end is getting close. Need to file 1099-NEC for your contractors, or W-2 for employees? Due date is January 31, 2023. Call Miro for more info!