Frequently Asked Questions
Taxes can be confusing and overwhelming, but we are here to help. Here are some of the most common inquiries regarding taxes:
Does my child need to file taxes?
Only if they made more than $14,000 during the tax year.
When can I file?
Filing always opens on the last Monday in January.
How much do I have to pay to issue a 1099?
>$600 - for services performed for you. Due out in the mail to recipient by January 31st.
Will my refund be delayed?
If you have earned income credit and file before February 28th.
How long will my refund be delayed?
Until March 1st.
Do we have rent certificates?
Yes.
What is the tax deadline this year?
April 15
What is the standard deduction amount?
Married - $25,100
Single - $12,550
What is the personal exemption amount?
$0
What documents do I need?
Income tax forms (W2's and/or 1099's,) property tax bills, and mortgage interest statements. Other documents may be needed on a case-by-case basis.
What are Head of Household (HOH) qualifications?
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Single with a dependent
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Dependent lives with you for over 1/2 year
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You pay over 50% of living expenses
Do I get an Earned Income Credit (EIC)?
It has to be earned income, not Social Security - We will see if you qualify.
Are deductions standard or itemized?
Whichever provides the best deduction for you.
When do you start working Saturdays?
From the last Saturday in January through Tax Day (April 15).
How much do you charge to do returns?
Tracy decides on pricing - depending on what's involved.
What are the marginal rates? For tax year 2025, the top tax rate remains 37% for individual single taxpayers with incomes greater than $626,350 ($751,600 for married couples filing jointly). The other rates are shown below:​
Filing Single
35% for incomes over $250,525
32% for incomes over $197,300
24% for incomes over $103,350
22% for incomes over $48,475
12% for incomes over $11,925
10% for incomes $11,925 or less.
Married Couples Filing Jointly
35% for incomes over $501,050
32% for incomes over $394,600
24% for incomes over $206,700
22% for incomes over $96,950
12% for incomes over $23,850
10% for incomes $23,850 or less.
There are multiple websites that can help you access valuable information regarding your taxes. To visit our list of these sites, click here.