Tax Preparation Pricing

 Each tax return includes:

• Preparation of your current year federal and state return based on your income documents (W-2s, 1099-Rs, etc.)
• All Non-Itemized Tax Deductions: Educator Expenses, Student Loan Interest, Traditional IRA, etc.
• Free prior-year review of last year's tax return for any errors or missed deductions
• Prior year return preparation - add $50

Fee is per tax credit and based on the time it takes to complete the required forms.  Below are the more common tax credits.

• Child Tax Credit and Other Dependent Tax Credit  
• Child and Dependent Care Tax Credit  
• American Opportunity Tax Credit   
• Lifetime Learning Tax Credit  
• Tuition and Fees Deduction  
• Foreign Tax Credit  
• Residential Energy Tax Credit  
• Earned Income Tax Credit 
• MD Senior Tax Credit

• Mortgage Interest
• Real Estate Taxes
• Charitable Donations: cash, non-cash, charitable mileage
• Medical Expenses: Medical Insurance, Long Term Care Insurance, Out of Pocket Medical Expenses, Medical Mileage

Pricing depends on complexity and time required to complete the necessary forms and supporting schedules. Typical Schedule C items may include:

• Sales totals and deductible expenses by category
• Mileage deduction 
• Home office deduction (simplified vs regular method)
• Self-employed health insurance deduction
• Depreciation calculations and schedules
• Retirement calculations (Solo 401k/SEP/SIMPLE IRA)

Pricing depends on complexity, number of brokerage accounts, capital gain/loss activities: 

• Short and long term capital gains/losses, including capital loss carryover
• Virtual currency transactions
• Primary residence home sale (including gain exclusion)
• Kiddie Tax on Dependent children's unearned income
• Foreign Tax Credit

We will collect your totals with this Rental Income Organizer

• Fee is per rental property
• In the year of rental purchase or sale, add $100

Fee depends on complexity and number of states involved

These items include greater analysis, complexity, and time to complete, and/or there are additional due diligence requirements by the IRS. 

• Earned Income Tax Credit
• Head of Household Filing Status
• Married Filing Separate (Two Tax Returns)
• Schedule K-1 and additional states, as necessary