Ready to File?
- You are going to need a few things to get started. New Customers must have valid ID (license, state ID, Matricula, Passport, or other valid id, Birth Certificates for dependents under age 18)
- Social security cards or ITIN for taxpayer and all dependents
- Proof of Income (W 2’s, 1099 misc, retirement distributions, unemployment, gambling etc_) If you are self employed (any records to prove income such as ledger, bank statements, receipts notes etc, invoices etc)
What can I itemize
You may be able to itemize your return if you have :
- Medical expenses; such as health insurance premiums, copays, hospital costs, Prescriptions, labs, visual or hearing aids, mileage and parking.
- Do you own a home? Mortgage interest and Real estate taxes are deductible.
- Did you make a major purchase such as a car, trailer, boat? Major home repairs or additions? The sales taxes on these items may be deductible.
- You may deduct charitable contributions of money or property made to qualified organizations if you itemize your deductions. Generally, you may deduct up to 50 percent of your adjusted gross income, but 20 percent and 30 percent limitations apply in some cases. (Please keep and bring in letters or receipts denoting contributions,
- Did you make non cash donations to a non-profit organization such as Goodwill or Salvation Army? (Please keep and bring in your receipts)
The total of your itemized deductions must exceed the standard deduction based on filing status
|Filing status||2019 tax year||2020 tax year|
|Married, filing jointly||$24,400||$24,800|
|Married, filing separately||$12,200||$12,400|
|Head of household||$18,350||$18,650|
Save your receipts and document expenses.