BL Multi-Services is an Electronic Return Originator (ERO) is the Authorized IRS e-file Provider that originates the electronic submission of a tax return to the IRS.
2018 Tax Reform Impact: What you should know!
This is How to Get the Biggest Tax Refund This Year!
Take advantage of these often missed tax deductions and credits to get more money back in your pocket!
"Six key changes under the tax reform plan"
1- Standard Deduction Increases
2- Personal Exemption Eliminated
3- Child Tax Credit Rises
The Child Tax Credit increases in value from $1,000 to $2,000.
4- State and Local Capped
Taxpayers can deduct up to $10,000 in state and local income taxes. Previously there was no cap.
5- ACA Individual Mandate Repealed
Beginning in 2019, individuals who choose to go without healthcare coverage for the year will not have to pay tax penalties.
6- Mortgage Interest Deduction Drops
Individuals who purchase a home in 2018 can only deduct interest up to $750,000 in mortgage debt (previously $1 million). The interest deduction on home-equity loans is eliminated.
The standard deduction amounts will increase to $12,000 for individuals.
$18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses.
The standard deduction amounts will increase to $12,000 for individuals.
$18,000 for heads of household, and $24,000 for married couples filing jointly and surviving spouses.
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*1099 MISC, 1099k
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ReplyDeletetax return for self employed in London
Really good information and easy to understand. Thanks for helping!!!. Get services of 1099 MISC form
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