Here’s another BIG change you need to be aware of!! In years past, many homeowners were able to deduct mortgage interest & property taxes on their income tax returns…and now, truthfully, most no longer can. This is due to an increased standard deduction. This means that for most taxpayers, the tax filing requirements are: Single (under age 65) is $12,500 and for Married filing jointly (both spouses under age 65) is $25,100.
Tax season is stressful and scary for many people. If you need help, (cue “Holding Out for a Hero”), we are happy to walk you through all the changes.
Please call our office at 606-585-0131 to make an appointment!
The Darlings
P.S. The video is Ben’s doing.