shawstax@yahoo.com

​What is New

New Senior Deduction: Individuals aged 65 and older can claim an additional $6,000 deduction ($12,000 for married couples if both qualify). This is available even for those who do not itemize deductions but is subject to AGI phaseouts.

New Deduction for Qualified Tips: Employees and self-employed individuals in qualifying occupations may deduct up to $25,000 of reported tips, subject to AGI phaseouts.

New Deduction for Overtime Pay: A deduction is available for the portion of qualified overtime pay that exceeds an individual's regular rate of pay (e.g., the "half" in "time-and-a-half"), up to $12,500 ($25,000 for joint filers).

New Vehicle Loan Interest Deduction: Taxpayers who take out anew loanafter December 31, 2024, to purchase a new, U.S.-assembled vehicle for personal use may be able to deduct up to $10,000 in interest paid, with income phaseouts.

Child Tax Credit: The maximum credit has increased to $2,200 per qualifying child. Up to $1,700 may be refundable.

Increased Standard Deduction: The standard deduction amounts have increased:
Married Filing Jointly: $31,500 (up from $30,000).
Single/Married Filing Separately: $15,750 (up from $15,000).
Head of Household: $23,625 (up from $22,500).

You must have all your W2 forms.  We must make a copy of it .  We can not use last paychecks. 

We accept Cash or Check.  We do not take Credit/debit cards.

Our fee Can be taken from return with additional bank fee. 

​With NO upfront cost.

If you have Market Place insurance you must have your 1095-A form.  If you have insurance through your Workplace or Medicaid you do not need your 1095-B or 1095-C.

​If you received payments from cash app, e-bay, amazon or any other online payment apps/websites you will receive a 1099-K for any payments over $20,000.  

If you or our your child attended college last year, you Must have a 1098-T form to claim education credits.  Many College offer these forms online.  

​If you have forms on your phone that you do not have paper copies PLEASE forward them to:​

If you are adding a dependent or are new, Please have ID & Social Security Cards.

What You Must Have

If you made a withdrawal from a 401K you must have your 1099-R Form.

Residential credit  

You can qualify for a credit up to 30% of qualified expenses. Windows, Doors, Outside Insulation, furnace, and Hot water Heater.  Up to $1200 credit, but limitation apply. Solar and Geo Thermo may qualify for more.

​Last Year To Qualify: These are set to expire for property placed in service or expenditures made after December 31, 2025

Please Note:

If you received unemployment this last year, ​you Must have your 1099-G form from the State of Michigan. 

 If you do not report income on your return, you may have to Amend Your Return at additional fees. 

Form 1099-DA for Digital Assets: Brokers must now report digital asset (cryptocurrency, NFTs) transactions using the new Form 1099-DA.