The maximum Hope education credit is increased to $2,500. The increased credit has been renamed the American opportunity credit and part of it is refundable.
You do not have to pay tax on unemployment compensation up to $2,400 per person for the year.
Reduce stress, clean out your closet, and donate unused items. Keep your receipts for an important tax deduction.
If you have earned income from work, you may be able to take the Making work pay credit. It is 6.2% of your earned income, limited to $400 ($800 if married filing jointly).
The earned income credit has increased for people with three or more children and for some married couples filing jointly.
2010 Tax classes coming soon!!
You can now roll over distributions from an eligible retirement plan to a Roth IRA.
The first-time home-buyer credit extended and expanded. The credit increased to as much as $8,000. This takes 16 weeks to process, so start now.
AccounTax is dedicated to serving all tax, payroll reporting and small business consulting needs. The team at AccounTax strives to learn your needs in order to implement strategies that will help you meet and surpass important goals. We understand that things come up throughout the year and we are open year-round to serve you. Please don't hesitate to call.
We believe you deserve a complete one-on-one interview to assess your needs and that your return should be double checked by a licensed tax professional for accuracy. We keep informed of state and federal laws and apply these laws for your protection. In the event of an audit, we include follow-up service to help support you throughout the process.
With over 46 years of experience, we pledge to provide you with Integrity, Service, Results and Confidentiality. Our objective is to develop a long-term relationship with individuals and businesses. It's not just about the return, it's about you as our client. Call 503-619-1040 for an appointment. We have day, evening or weekend appointments available.