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Real Tax Inc. Your Numbers. Our Commitment. 𝐏𝐫𝐢𝐯𝐚𝐜𝐲 𝐏𝐨𝐥𝐢𝐜𝐲 & 𝐋𝐞𝐠𝐚𝐥 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧

𝐑𝐄𝐀𝐋 𝐓𝐀𝐗 𝐈𝐍𝐂. We do not sell client personal or financial information. PLANS.

helps individuals, self-employed professionals, and small businesses navigate taxes with confidence through accurate preparation, clear year-round guidance, and responsive service. is a New York-based tax and accounting firm serving individuals and businesses across all 50 states. We are committed to protecting our clients' privacy, maintaining confidentiality, and providing professional tax and accounting services.

𝐏𝐫𝐢𝐯𝐚𝐜𝐲 & 𝐂𝐨𝐧𝐟𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥𝐢𝐭𝐲

We respect your privacy and take reasonable measures to safeguard personal and financial information shared with our firm. Client information is handled in accordance with applicable federal and state privacy laws, including relevant IRS confidentiality requirements. We disclose confidential tax information only as permitted or required by law, or with appropriate authorization.

𝐅𝐚𝐜𝐞𝐛𝐨𝐨𝐤 & 𝐒𝐨𝐜𝐢𝐚𝐥 𝐌𝐞𝐝𝐢𝐚 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

Information shared on our page is intended for general educational and informational purposes only. For your protection, please do not post or send Social Security numbers, tax returns, bank account details, identification documents, or other sensitive personal or financial information through Facebook comments or Messenger. Clients should use communication methods approved by our office for submitting confidential documents.

𝐓𝐚𝐱 & 𝐋𝐞𝐠𝐚𝐥 𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫

Content published by Real Tax Inc. is provided for general informational purposes and should not be considered individualized tax, accounting, financial, or legal advice. Tax laws and regulations may change, and their application depends on individual circumstances. Following our page, commenting on posts, or communicating through social media does not establish a professional client relationship. does not provide legal representation or legal advice.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧

REAL TAX INC. Based in New York | Serving All 50 States

Phone/Text: (929) 499-1040

Email: [email protected]

Website: https://realtaxusa.com

PEOPLE. PROGRESS.

10/30/2026

𝗠𝗮𝗿𝗿𝗶𝗲𝗱 𝗖𝗼𝘂𝗽𝗹𝗲𝘀: 𝗙𝗶𝗹𝗶𝗻𝗴 𝗝𝗼𝗶𝗻𝘁𝗹𝘆 𝗜𝘀𝗻’𝘁 𝗔𝗹𝘄𝗮𝘆𝘀 𝘁𝗵𝗲 𝗕𝗲𝘀𝘁 𝗖𝗵𝗼𝗶𝗰𝗲
Most married couples file a joint federal income tax return, but that doesn’t mean it’s automatically the best option for everyone.

Married taxpayers generally have two filing options:

• Married Filing Jointly
• Married Filing Separately

Filing jointly often results in a lower combined tax liability, but filing separately may be worth evaluating in certain circumstances.

For example, separate filing can affect deductions, credits, student loan considerations, and responsibility for tax liabilities.

When filing jointly, both spouses are generally responsible for the tax due, even if only one spouse earned the income.

Before choosing your filing status, consider the complete financial picture.

IRS: https://www.irs.gov/filing/filing-status

10/28/2026

𝐋𝐋𝐂 𝐎𝐰𝐧𝐞𝐫𝐬: 𝐀𝐧 𝐋𝐋𝐂 𝐃𝐨𝐞𝐬𝐧’𝐭 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐜𝐚𝐥𝐥𝐲 𝐑𝐞𝐝𝐮𝐜𝐞 𝐘𝐨𝐮𝐫 𝐓𝐚𝐱𝐞𝐬
Forming an LLC can help organize and protect a business under state law, but it doesn’t automatically create federal income tax savings.

For federal tax purposes, an LLC may be treated as:

• A disregarded entity
• A partnership
• A corporation
• An S corporation, if a valid election is made

A single-member LLC is generally disregarded for federal income tax purposes unless it elects corporate treatment.

That means forming an LLC doesn’t necessarily change how your business income is taxed.

Before making decisions about your business structure, understand how the IRS classifies your entity.

Not sure whether your current business structure is right for you? Contact Real Tax Inc. to discuss your business tax situation and available options.

Call or text: 929-499-1040
Email: [email protected]

IRS: https://www.irs.gov/businesses/small-businesses-self-employed/limited-liability-company-llc

10/26/2026

𝟐𝟎𝟐𝟔 𝐑𝐞𝐭𝐢𝐫𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐋𝐢𝐦𝐢𝐭𝐬 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞𝐝

Retirement contributions can help you prepare for the future, and depending on the account and your circumstances, may also affect your taxes.

For 2026:

• The 401(k) employee elective-deferral limit is $𝟐𝟒,𝟓𝟎𝟎
• The traditional/Roth IRA contribution limit is $𝟕,𝟓𝟎𝟎
• The IRA limit is $𝟖,𝟔𝟎𝟎 𝐟𝐨𝐫 𝐭𝐚𝐱𝐩𝐚𝐲𝐞𝐫𝐬 𝐚𝐠𝐞 𝟓𝟎 𝐨𝐫 𝐨𝐥𝐝𝐞𝐫

Different contribution deadlines, eligibility requirements, income limitations and catch-up rules can apply. IRS

Year-end is a good time to review where you stand rather than waiting until you're preparing your tax return.

IRS: Retirement Contribution Limits
https://www.irs.gov/retirement-plans/cola-increases-for-dollar-limitations-on-benefits-and-contributions

10/23/2026

𝐄𝐦𝐩𝐥𝐨𝐲𝐞𝐞 𝐨𝐫 𝐈𝐧𝐝𝐞𝐩𝐞𝐧𝐝𝐞𝐧𝐭 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐨𝐫? 𝐀 𝟏𝟎𝟗𝟗 𝐃𝐨𝐞𝐬𝐧'𝐭 𝐃𝐞𝐜𝐢𝐝𝐞 𝐈𝐭
Calling someone an independent contractor doesn't necessarily make that person one for federal tax purposes.
The IRS looks at the actual working relationship, including:
• Behavioral control — who controls how the work is performed?
• Financial control — who controls the financial aspects of the work?
• Type of relationship — contracts, benefits, permanency and the nature of the services
There is no single factor that automatically determines worker classification. IRS
Misclassification can create payroll and employment-tax problems, so businesses should address worker classification before simply issuing a W-2 or 1099.
IRS: Independent Contractor or Employee?

10/21/2026

𝐒𝐢𝐝𝐞 𝐇𝐮𝐬𝐭𝐥𝐞 𝐈𝐧𝐜𝐨𝐦𝐞 𝐈𝐬 𝐒𝐭𝐢𝐥𝐥 𝐈𝐧𝐜𝐨𝐦𝐞 — 𝐄𝐯𝐞𝐧 𝐖𝐢𝐭𝐡𝐨𝐮𝐭 𝐚 𝟏𝟎𝟗𝟗

Freelancing after work? Driving for an app? Selling services online? Doing occasional contract work?

Gig-economy income generally must be reported even when it is:

• Part-time or temporary
• Paid in cash or another form
• Not reported to you on a Form 1099

The IRS specifically states that gig income is taxable even if you don't receive an information return. IRS

Keep records of your income and eligible business expenses throughout the year.

A missing 1099 doesn't make taxable income disappear.

IRS Gig Economy Tax Center
https://www.irs.gov/businesses/gig-economy-tax-center

10/19/2026

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐎𝐰𝐧𝐞𝐫𝐬: 𝐓𝐡𝐞 𝟏𝟎𝟗𝟗 𝐑𝐞𝐩𝐨𝐫𝐭𝐢𝐧𝐠 𝐓𝐡𝐫𝐞𝐬𝐡𝐨𝐥𝐝 𝐂𝐡𝐚𝐧𝐠𝐞𝐝 𝐟𝐨𝐫 𝟐𝟎𝟐𝟔

This is an important change for businesses that pay independent contractors.

For certain payments made before 2026, the Form 1099-NEC reporting threshold was $600.

For qualifying payments made during 2026, the threshold increased to $2,000. The IRS notes that specific reporting and backup-withholding rules still apply, so the threshold isn't the only factor to consider. IRS

Don't wait until January to start looking for contractor information.

Make sure your vendor records and Forms W-9 are organized before year-end.

IRS: Form 1099 and Information-Return Requirements
https://www.irs.gov/businesses/small-businesses-self-employed/am-i-required-to-file-a-form-1099-or-other-information-return

10/16/2026

𝐃𝐨 𝐘𝐨𝐮 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝟐𝟎𝟐𝟔 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧?

The federal standard deduction increased again for tax year 2026.

For returns filed for 2026, the basic standard deduction is:

• $𝟏𝟔,𝟏𝟎𝟎— Single or Married Filing Separately
• $𝟐𝟒,𝟏𝟓𝟎 — Head of Household
•$𝟑𝟐,𝟐𝟎𝟎 — Married Filing Jointly

Additional rules and deductions can apply depending on your circumstances. IRS

Why does this matter before tax season?

Understanding the standard deduction is one part of determining whether itemizing deductions may benefit you and what records may be important to retain.

IRS: 2026 Tax Changes for Individuals and Workers
https://www.irs.gov/newsroom/working-families-tax-cuts-individuals-and-workers

10/14/2026

𝐖𝐨𝐫𝐤𝐢𝐧𝐠 𝐅𝐫𝐨𝐦 𝐇𝐨𝐦𝐞? 𝐓𝐡𝐞 𝐇𝐨𝐦𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐃𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐇𝐚𝐬 𝐑𝐮𝐥𝐞𝐬

Having a desk at home doesn't automatically mean you qualify for a home office deduction.

For many self-employed taxpayers, the space generally must be used regularly and exclusively for business, although special rules apply to certain uses such as daycare and storage.

If you qualify, there are two ways to calculate the deduction. Under the simplified method, the IRS generally allows $5 per square foot, up to 300 square feet. IRS

The important part isn't simply working from home — it's whether your situation meets the tax requirements.

IRS: Simplified Option for Home Office Deduction
https://www.irs.gov/businesses/small-businesses-self-employed/simplified-option-for-home-office-deduction

10/12/2026

𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐄𝐱𝐩𝐞𝐧𝐬𝐞 𝐨𝐫 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐄𝐱𝐩𝐞𝐧𝐬𝐞? 𝐊𝐧𝐨𝐰 𝐭𝐡𝐞 𝐃𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞

Using your business account doesn't automatically turn a purchase into a tax deduction.

Generally, a deductible business expense must be ordinary and necessary for your trade or business. Personal, living, and family expenses generally aren't deductible business expenses. Some expenses that have both business and personal use must be properly divided. IRS

Keeping business and personal finances separate can also make bookkeeping easier and your records much cleaner.

Before year-end, review your transactions and make sure personal purchases aren't being recorded as business expenses.

IRS: Income and Expenses for Small Businesses
https://www.irs.gov/faqs/small-business-self-employed-other-business/income-expenses

10/09/2026

𝐂𝐨𝐮𝐥𝐝 𝐘𝐨𝐮 𝐁𝐞 𝐖𝐢𝐭𝐡𝐡𝐨𝐥𝐝𝐢𝐧𝐠 𝐓𝐨𝐨 𝐌𝐮𝐜𝐡 — 𝐨𝐫 𝐓𝐨𝐨 𝐋𝐢𝐭𝐭𝐥𝐞?

A surprise tax bill isn't something you want to discover when preparing your return.

If your income or family situation changed during 2026, it may be worth checking your federal income tax withholding now.

This can be especially important if you:

• Changed jobs
• Have multiple jobs
• Have self-employment or side income
• Receive investment or rental income
• Experienced another significant financial change

The IRS updated its Tax Withholding Estimator to incorporate several current tax-law changes. IRS

There is still time in the year to review your situation and, when appropriate, adjust your withholding.

IRS Tax Withholding Estimator
https://www.irs.gov/individuals/tax-withholding-estimator

Address

1722 Kings Highway
Brooklyn, NY
11229

Opening Hours

Monday	10am - 7pm
Tuesday	10am - 7pm
Wednesday	10am - 7pm
Thursday	10am - 7pm
Friday	10am - 7pm
Saturday	10am - 7pm
Sunday	10am - 7pm

Telephone

+19294991040

Website

http://www.realtaxusa.com/, https://calendly.com/realtaxinc

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