C&G TAX

We specialize in Individuals, families and small business, extensions, amendments, and ITIN applications, notary public (se habla español)

C&G TAX

News!!!

IRS’ 2019 "Dirty Dozen" tax scams list highlights inflating deductions, credits | Internal Revenue Service

News!!!

irs.gov IR-2019-36, March 12, 2019 — The Internal Revenue Service today warned taxpayers to avoid falsely inflating deductions or credits on tax returns as part of its 2019 list of the “Dirty Dozen” tax scams.

C&G TAX

Married filling jointly read please!

socialtrendsdaily.com

Married Couples Benefit from 4 Key Financial Advantages

Married filling jointly read please!

socialtrendsdaily.com It's not just filing your taxes jointly or being able to combine your income to make bigger purchases. There are actually many financial benefits married couples should know about, yet they rarely take advantage of.

huffpost.com

Trump's Tax Plan Killed These 9 Deductions For 2018

FYI

huffpost.com President Donald Trump's tax plan eliminated several valuable deductions, but not all of them.

[02/06/19]   I've come to the conclusion that a tax and credit course is thoroughly needed in our community! 🤔

2019 DOES HAVE NEW TAX LAWS -let’s start there!!!

‼️‼️It DOES NOT matter how many kids you have, if you did not work you're not getting a LARGE REFUND. We've seen people come in with a W-2 for literally .10 cents expecting thousands back because they have dependents. 🤦🏿‍♂️

🛑Just because you have social security and medicare taken out your check (which are mandatory by the way) it has NOTHING to do with FEDERAL TAXES taken out on box 2 of your W2. Box 2 is just as important as Box 1.

🛑A 1099 Misc is not the same as a W2. 1099's have no federal taxes withheld. So your return is not going to be the same as your friends, co workers, cousins etc if you have a 1099 and they have a W2.

‼️‼️9 times out of 10 the more money you make the less your return will be. Ex: If you worked half the year in 2017 and only made $15,000 with 2 dependents and made $30,000 working the full year in 2018 you will NOT get that SAME refund.

‼️‼️The song "Mo Money, Mo Problems" is for real. As you become more successful and make more money you need to understand those days of getting big refunds are OVER! In fact, you should prepare to break even or put money aside to pay the IRS money you may owe them.

🛑Listen to the song "Brackets" by J. Cole

‼️‼️❌‼️‼️Just because you think you know how to use turbo tax doesn't mean you know tax rules or tax laws. Just because you've heard that your friends are getting a huge refund don't get jealous or assume that they are doing their taxes legally. We've heard and seen it all in 10 years. Just because you can input any numbers you want, that does not mean they are the correct numbers.

‼️‼️The IRS can go back as far as 3 years to audit your returns and if they do find something they charge interest on their findings.

‼️‼️‼️Asking someone how much they charge before even presenting them what your tax issue is is an insult to the accountants knowledge, work and experience. We understand everyone is looking for a deal but remember the saying, "You get what you pay for!" Would you want a "cheap" guy on the corner who owns a screwdriver to change your engine? Or would you want a licensed mechanic? You damn sure don't negotiate about the price of Gucci or those Jordan's on your feet do you?

🛑If you own a business. Have proof, paperwork, receipts or a tax id. Also pay the IRS during the year 🤷🏾‍♀️

[01/31/19]   Tax law changes for 2018 returns!!!
Tax season this year is from January 28- April 15, and with this there are some changes that is worth to know:
1. Standard deductions increases almost double from 2017
2. Personal exemption for dependents is eliminated
3. Child tax credit increases from 1000 to 2000
4. The new tax reform also introduces a 500 credit for other dependents (AKA Family credit) this is for people that is your dependent but isn’t related to you
5. State and local taxes are capped at $10000 before was not cap
6. Health insurance penalty still alive for 2018 tax returns, but is repealed for 2019
7. Mortgage interest deductions drop!, home equality loan deduction was eliminated!
8. Moving expenses was eliminated except for member of the military
If you have any question you can email me or text me
[email protected]
7035990142
C&G TAX

C&G TAX

Remember!!

El IRS empezara a recibir tax returns desde el 29 de enero hasta el 17 de abril 2018; y recuerda si reclamas el ACTC (aditional child tax credit) y el EIC (earn income credit o credito al trabajador) entonces no recibiras tu reembolso hasta mediados de febrero o finales.
C&G tax services
703-599-0142 call or tex
[email protected]
haz tus preguntas y nosotros responderemos!

[01/30/18]   El IRS empezara a recibir tax returns desde el 29 de enero hasta el 17 de abril 2018; y recuerda si reclamas el ACTC (aditional child tax credit) y el EIC (earn income credit o credito al trabajador) entonces no recibiras tu reembolso hasta mediados de febrero o finales.
C&G tax services
703-599-0142 call or tex
[email protected]
haz tus preguntas y nosotros responderemos!

[02/06/17]   Should I use the Standard deduction or itemized deduction???

What is the standard deduction?
is a fixed dollar amount that reduces the income you're taxed on. Your standard deduction varies according to your filling status! The standard deduction for 2016 is:
For heads of household $9300
Singles and married filing separate $6300
Married filling together 12,600

Itemized deduction?
You can elect to itemized only if you think your qualified expenses are greater than the standard deduction!!! You can deduct: medical expenses, mortgage interes, real state taxes, property taxes, state taxes or sale taxes, charity, unreimbursed employee expenses etc etc.

[01/31/17]   Do you qualified for the EIC (credito al trabajador)?
Check this out!!!

Remember if in 2016 you make more than 53505 you dont qualify for this credit anymore!

Earned Income Credit (EIC)

For 2016, the maximum credit is:

$6,269 with three or more qualifying children
$5,572 with two qualifying children
$3,373 with one qualifying child
$506 with no children

To be eligible for a full or partial credit, the taxpayer must have earned income of at least $1 but less than:

$47,955 ($53,505 if Married Filing Jointly) with three or more qualifying children

$44,648 ($50,198 if Married Filing Jointly) with two qualifying children

$39,296 ($44,846 if Married Filing Jointly) with one qualifying child
$14,880 ($20,430 if Married Filing Jointly) with no qualifying child

Investment Income
Taxpayers whose investment income is more than $3,400 cannot claim the EIC.

C&G TAX
[email protected]
20219 edisto square 20147 Ashburn VA
703-599-0142

C&G TAX

FYI

Tengo o no tengo reembolso?
Los reembolsos no solo se basan en la información de tu forma W2 también a los créditos que puedas obtener si calificas a algunos de ellos! Los créditos no aplican para todos! y tienen limites de ingreso anual según tu filling status por ejemplo:
Child tax credit: (si tienes niños no mayor de 16 años) por cada niño te dan 1000 dólares de crédito!!! este crédito se va a ir reduciendo cada vez que excedas los límites de ingreso:
Soltera: $1000 de crédito por cada niño que califique y usted con un ingreso máximo anual de $75000
Casada: $1000 de crédito por cada niño que califique y usted con un ingreso máximo de $110000,
Casados que hacen sus taxes por separado: $1000 de crédito por cada niño que califique cuando usted tenga un ingreso máximo anual de $55000
Recuerden los créditos son muy aparte a las excepciones y/o dependents que para este año es $4050 por cada uno. Por ejemplo
Maria es casada y tiene 2 hijos (4 personas) si todos califican Maria va a reducir $16200 (4050x4) de su taxable income o AGI.
Para las personas que reciben la forma 1099 misc, o hagan su dinero en cash la situación cambia un poco.
Si tienen alguna pregunta estaré aquí para responderla!
C&G Tax
20219 Edisto sq, Ashburn VA 20147
[email protected], [email protected]
Call or text 703-599- 0142

Official Payments - Pay Taxes, Utility Bills, Tuition & More Online

Tengo o no tengo reembolso?
Los reembolsos no solo se basan en la información de tu forma W2 también a los créditos que puedas obtener si calificas a algunos de ellos! Los créditos no aplican para todos! y tienen limites de ingreso anual según tu filling status por ejemplo:
Child tax credit: (si tienes niños no mayor de 16 años) por cada niño te dan 1000 dólares de crédito!!! este crédito se va a ir reduciendo cada vez que excedas los límites de ingreso:
Soltera: $1000 de crédito por cada niño que califique y usted con un ingreso máximo anual de $75000
Casada: $1000 de crédito por cada niño que califique y usted con un ingreso máximo de $110000,
Casados que hacen sus taxes por separado: $1000 de crédito por cada niño que califique cuando usted tenga un ingreso máximo anual de $55000
Recuerden los créditos son muy aparte a las excepciones y/o dependents que para este año es $4050 por cada uno. Por ejemplo
Maria es casada y tiene 2 hijos (4 personas) si todos califican Maria va a reducir $16200 (4050x4) de su taxable income o AGI.
Para las personas que reciben la forma 1099 misc, o hagan su dinero en cash la situación cambia un poco.
Si tienen alguna pregunta estaré aquí para responderla!
C&G Tax
20219 Edisto sq, Ashburn VA 20147
[email protected], [email protected]
Call or text 703-599- 0142

www.officialpayments.com Pay your income tax, property tax, college tuition, utility and other bills online with a credit card, debit card or other convenient option.

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