For 2024, generally, the Standard Deduction for Single or Separate filers is $14,600; Head of Household is $21,900; & Married Filing Joint is $29,200. 

You can either Itemize, using Schedule A, or take the Standard Deduction.

Not sure? Answer the questions below and we will calculate which deduction provides you maximum tax savings.

Notes about Medical Expenses:

1. Over-the-counter drugs and vitamins are not tax deductible. Only prescription medications.

2. If your employer pays for your health, dental, or vision insurance premiums, then it is not deductible. If you pay for all or part of your premiums through a pre-tax payroll deduction; then it is not deductible. If you pay out-of-pocket for an individual policy or for part of your premium through an after-tax payroll deduction, then it is deductible.

3. For 2024, the IRS allows a medical mileage deduction of 21 cents per mile driven to obtain medical care. Provide us the number of miles driven and we will calculate the deduction for you.

4. The amount you include in medical expenses for lodging cannot be more than $50 for each night for each person. You can include lodging for ONE person traveling with the person receiving the medical care. For example, if a parent is traveling with a sick child, up to $100 per night can be included as a medical expense for lodging. Meals are not included.

5. Cosmetic medical & cosmetic dental procedures are NOT tax deductible.

1. MOVING EXPENSE - Beginning 2018, the moving expense deduction is only allowed for members of active duty Armed Forces.

2. HOME OFFICE DEDUCTION - Beginning 2018, the home office deduction is eliminated for employees. If you are a Sole Proprietor, add home office expenses for a business to the Schedule C worksheet in SECTION X.

3. PONZI, CASUALTY, DISASTER, & THEFT LOSSES - 

Generally, you may deduct casualty and theft losses from Ponzi schemes and losses relating to your home, household items, and vehicles on your federal income tax return if the loss is caused by a federally declared disaster declared by the President. You may not deduct casualty and theft losses covered by insurance, unless you file a timely claim for reimbursement and you reduce the loss by the amount of any reimbursement or expected reimbursement. 

5. OTHER MISCELLANEOUS DEDUCTIONS - Beginning in 2018, miscellaneous deductions have been eliminated. This includes Unreimbursed Employee Business Expenses (union dues, work boots, employee mileage, etc).

Please update us with any changes!

• New Address, New Phone Number, New E-mail Address.
• Bank Account Routing & Account Number or voided check (if needed)
• Events: Moving, marriage, children, divorce, college, new jobs, increase in pay, retirement, etc.
• Remember that the tax preparer is responsible for the forms & calculations listed on the tax return, but it is the taxpayer’s responsibility to provide back-up documentation to the IRS for all income, expenses, credits, and other items claimed on an income tax return. Timely & accurate filing is ultimately up to you.
• Record Keeping: Keep all tax records and backup documentation for at least 7 years. For major purchases (such as real estate or vehicle), keep paperwork with proof of purchase date and price for the life of the asset or for up to 3 years after date of sale or disposition.
  
  

Protecting your privacy and providing price transparency is important to us. By properly completing this checklist and providing all necessary paperwork in a timely manner, additional fees should not be needed.

We provide an automated Tax Preparation Fee Calculator to give you an estimate of your tax preparation fee for the 2024 tax year. It will pop-up upon submission of this form.

Business owners, we also need your Business Tax Return Checklist. You will be prompted to fill this out next.

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Thank you for your business!