Tax Champs USA

Have you heard about Savers Credit?

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📌 To qualify for this, married couples filing jointly need an AGI of $41,001-$63,000 to get a credit for 10% of their retirement contribution.

📌 To qualify for the maximum credit of 50% of your contribution, your joint AGI cannot be more than $38,000.

📌 If you file as head of household, you qualify for the maximum credit with an AGI of less than $28,500.

📌 For other filing statuses, including single, married filing separate and qualifying widow, you’ll get the full credit with an AGI under $19,000 and a partial credit with AGI up to $31,500.

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UPDATE YOUR ADDRESS ‼️

The IRS they will be mailing out letters starting January 19th that YOU WILL need to give to your tax professionals this tax season that show proof of what you received in advance child tax credit & stimulus payments!

Reporting your correct address to the IRS now is imperative if you want to assure you get your letter in a timely manner.

Make sure your address is up to date.

Need help? 📞 Call us at (972) 544-6232 or go to https://www.irs.gov/faqs/irs-procedures/address-changes/address-changes

When you understand your value, you won’t spend your days trying to keep up with everyone else! 💛

Not to mention we’re just 12 days away from our Money Bag Cash Advance of up to $750 !!! Just in time to get some extra cash for the holidays 🎁

This is by appt only so be sure to schedule your appt by calling 859-402-2227 📞

Loyalty Week begins on Dec 20 🚨 MARK YOUR CALENDAR ‼️

Can the average American avoid paying taxes?

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As a senior tax specialist I am often asked by fellow tax payers, “is it possible to reduce taxable income?”

With that being said I’ve complied a list of 3 ways you can reduce your taxable income.

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Have you ever been out to eat with colleagues or your employees?

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If you have purchased meals from a restaurant you can write off 100% of the cost.

Just the same as if you don’t purchase a meal from a restaurant - you can only write off 50% of the receipt.

Keep that in mind the next time you want to have a business meeting at a restaurant!

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