Tax Tools

Tax deductions are expenses that reduce the amount of income subject to tax. There are thousands tax deductions in tax code and regulations. Book an appointment today with an one of our ATC tax service experts!

Taxpayers are categorized into a tax bucket based on their filing status.

A standard deduction is the dollar amount that can be deducted from one’s income. Your standard deduction is determined based on your filing status. These amounts are governed by the IRS.

The standard deduction for the 2019 tax year

StatusDeductionBorn before January 2, 1954Blind
Single$12,200$1,650$1,650
Married Filing Jointly$24,400$1,300 per spouse$1,300 per spouse
Married Filing Separately$12,200$1,300$1,300
Head Of Household$18,350$1,650$1,650
Qualified Widow(er) With Dependent Child$24,200$1,300$1,300

 

Itemized deductions allow you to deduct your expenses such as mortgage, interest, donations, medical expenses, and so forth. When the summation of your itemized deduction exceeds the value of your standard deduction, your total deduction amount begins to increase. Additional deductions can reduce the amount of income being taxed and increase your tax refund or diminish any tax liability.

Take advantage of our accurate tax preparation services at ATC. With superior understanding of the tax codes as well as state and federal deductions, our team of tax service professionals will assess your personal tax situation and help you find and claim all the credits and hidden tax deductions you qualify for and one’s that benefit you mostfrom one’s income. Your standard deduction is determined based on your filing status. These amounts are governed by the IRS.

Employee Business Expenses

If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses.

Only employee business expenses that are in excess of 2% of your adjusted gross income (AGI) can be deducted.

Qualifying Business Expenses

Expenses that qualify for an itemized deduction include:

  • Business travel expenses
  • Business use of car
  • Business entertainment expenses
  • Business use of your home
  • Work-related educational expenses
  • Miscellaneous employee expenses

Affordable Care Act (ACA)

Affordable Care Act (ACA) and what it means for your taxes

Learn More

EasyMoney Loan

Get Refund Advance up to $60001 No Credit Check. High Approvals.

Learn More

Find an ATC office

Stay Updated

Subscribe to our free newsletter and receive the latest updates.

Your information will not be published.

#ATC has grown from 4 tax service retail offices to over 34 Store Fronts and continues to thrive despite the competitive climate.

Our humble tax preparation firm has grown by leaps and bounds; earning thousands of satisfied customers.

Schedule an appointment today.

#ATC has grown from 4 tax service retail offices to over 34 Store Fronts and continues to thrive despite the competitive climate.Our humble tax preparation firm has grown by leaps and bounds; earning thousands of satisfied customers.Schedule an appointment today.

ATC has been in this industry for 14 years now and counting.

Get nothing but the best taxing services from our fully-experienced and trained tax professionals.

#atcincometax #taxrefund #incometaxes

ATC has been in this industry for 14 years now and counting.Get nothing but the best taxing services from our fully-experienced and trained tax professionals.#atcincometax #taxrefund #incometaxes

ATC to be there every step of the way.

Don’t let this IRS notice stress you. Book an appointment for a free tax consultation. Call us at 855-ATC-1050

#atcincometax

ATC to be there every step of the way.Don’t let this IRS notice stress you. Book an appointment for a free tax consultation. Call us at 855-ATC-1050#atcincometax

We seek to provide reliable and accurate advice pertaining to all income tax services across the board.

Choose ATC this tax season!

We seek to provide reliable and accurate advice pertaining to all income tax services across the board.Choose ATC this tax season!

Learn the ins and outs of tax deductions and credits through our ATC tax tools and services.

Our checklist will help you determine if you qualify for the child tax credit.

Click here: https://t.co/UbCT7sjUL2

#atcincometax #taxrefund #incometaxes #taxreturn #taxes #money

Learn the ins and outs of tax deductions and credits through our ATC tax tools and services.Our checklist will help you determine if you qualify for the child tax credit.Click here: https://t.co/UbCT7sjUL2#atcincometax #taxrefund #incometaxes #taxreturn #taxes #money

This message is only visible to admins:
Unable to display Facebook posts

Error: Error validating application. Application has been deleted.
Type: OAuthException
Code: 190
Click here to Troubleshoot.