Tax Tools

Tax deductions are expenses that reduce the amount of income subject to tax. There are thousands of 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

Status Deduction Born before January 2, 1954 Blind
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.

Deductible Taxes

If you itemize deductions, you may be able to deduct the following taxes:

  • State, local and foreign income taxes
  • State and local personal property taxes.
  • State and local sales taxes(instead of your State & Local personal property taxes. But not both.)

Affordable Care Act (ACA)

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

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