Best Choice Income Tax

THE ONLY THING CERTAIN IS DEATH AND TAXES.....MIGHT AS WELL GET THEM DONE RIGHT!! CALL OR TEXT US FOR A FREE ESTIMATION.

Don't wait until April 15th to bring that shoebox containing hundreds of receipts, stay head of the tax curve! Let Best Choice Income Tax Assist you today! Get a free estimate.

Good Ol Tax Humor!!

This is the last year that individual paying alimony or maintenance payments can deduct payments from their income. And the person receiving the payments includes them as income.

Didn't have health insurance this year? You may qualify for a health coverage exemption and may not have to pay the fee. Contact Best Choice Income Tax and find out.

tax tips$$$$

Contributions to Roth IRAs
For individuals who are single or the heads of their households, the income phaseout has been raised to $120,000 to $135,000. For married couples who file jointly, the range climbs to $189,000 to $199,000.

The phaseout was not adjusted for married individuals who file a separate return. That is $0 to $10,000.

Contribution limits for retirement savings
Employees who participate in certain retirement plans ‒ 401(k), 403(b) and most 457 plans, and the Thrift Savings Plan – can now contribute as much as $18,500 this year, a $500 increase from the $18,000 limit for 2017. STAY INFORMED WITH BEST CHOICE INCOME TAX

As soon as I got my check.....I was gone😂😂😂

State and local taxes
The itemized deduction is limited to $10,000 for both income and property taxes paid during the year.

Child tax credit
The child tax credit has been raised to $2,000 per qualifying child, those who are under 17, up from $1,000. A $500 credit is available for dependents who do not get the $2,000 credit.

Those who are married and filing jointly will have an increased standard deduction of $24,000, up from the $13,000 it would have been under previous law.

Get more money in your pocket this tax year!!