Taxcellent Chex

01/03/2025

🚩Your tax preparer can’t explain how they got you that refund!

01/03/2025

https://form.jotform.com/250027089832154

Please click the link to complete this form.

01/02/2025

Let’s Get These First Batches Out!!
File !! 🤑🤑

12/29/2024

Check stubs are for quotes ✅
W2’s are for filing ✅

12/28/2024

TAxTip

Please remember...
👉🏾Applying for the advance/loan, means the tax return is being transmitted to the IRS.
👉🏾Applying for the advance/loan, means the tax return CANNOT be pulled back. It is gone.
👉🏾Applying for the advance/loan, means the client CANNOT go anywhere else to get an advance.
👉🏾Applying for the advance/loan, means if the client is denied, the return CANNOT be pulled. The return is gone.
👉🏾Applying for the advance IS filing your taxes.

ASAP Tax Pro & Credit

12/28/2024

🗣️PSA for TAX FILERS ….

•Before coming to social media🌐 to bash your tax preparer about “STEALING YOUR MONEY🫨”, “HIDDEN FEES🫣” or “OVER CHARGING🤔” please make sure you READ over your paperwork📄FIRST!!!

•Please make sure you ask ANY & ALL questions beforehand!!! Before you sign paperwork!✍🏽 Before you give them the okay to send it off!📤

Filers often struggle to comprehend the intricacies of bank fees, loan interest, preparer fees, software fees etc. It is the responsibility of YOUR PREPARER to make sure all of this, plus more, is explained to you!! It is OUR DUE DILIGENCE as a tax preparer🫡📜

•We understand you are eager to file😬and may not read the fine print at the time… that’s normal! But before putting a coat on someone whom it doesn’t fit, make sure you check the size!!💡(Read your paperwork) because you as a filer, ALSO have a due diligence to YOURSELF!!🫵🏽 To make sure your return is as accurate as it’s supposed to be!!✅
✔️look over paperwork
✔️make sure all personal info is accurate
✔️ask questions
✔️shoot your preparer a text
✔️give them a call
9/10, everything you need to know is in black & white ☑️☑️

HAPPY FILING ✅🤑✅

12/27/2024

Get ready for tax season! Start organizing your documents now. If you have dependents, gather their school or medical records. For self-employed individuals, make sure you have your business receipts, EIN letter, and bank statements ready.

starting **January 2, 2025** let us help you maximize your refund!

Follow Taxcellent Chex for more tax tips and updates.

**TAX PREP CHECKLIST**
✔️ Photo ID
✔️ W-2 or 1099 Forms
✔️ 1098-T (Students)
✔️ Business Income & Expense Records
✔️ Dependent Information
✔️ Direct Deposit Details
✔️ Proof of Residence
✔️ Daycare Payment Records

📍 Celina Tx, 75009
📞 903-884-4405
🚨SERVICE ALL 50 STATES!!!🚨

Let us help you get organized for the **2025 tax season**!

12/26/2024

THE IRS OPENS JAN 15, 2025
Who wants to be in the first batch? 👀

12/26/2024

What are the requirements to qualify for the CTC in 2025?

One of the main requirements to qualify for this program is the income limit:

1. For married taxpayers who file a joint return, the maximum limit will be $400,000.

2. For those people or heads of household who file individually, it will be $200,000.

As we have said before, the amount of the child credit is $2,000 of which only $1,700 can be refunded. What does this mean? If your tax bill is less than this amount, you will be able to receive the difference as a refund in your account.

Another essential requirement is to have a child under 17 years of age (at the end of the fiscal year), and who is related to you in some way, it can be a biological child, adopted child, brother, stepbrother or descendants of any of them.

The child must have lived with you for more than half of the year in the tax year, meaning he or she must have been living where you have been living, and have provided more than half of the child’s support (this means that if you are delinquent in paying child support, you will not be eligible for this payment).

Other requirements are that the child be a U.S. citizen or resident alien, and have a valid social security number issued before the tax return due date.

Finally, the child cannot have filed a tax return on his or her own (unless it is to claim a refund of taxes withheld).

12/26/2024

“You’re approved for $3,000!”
“You’re approved for $5,500!”
“You’re approved for $7,000!”

Starting January 2nd, this is the kind of news I’ll be delivering—because my funding rate is an unbeatable 98.5% to 100%! 🎯

I don’t just prepare taxes—I maximize your refunds and funding opportunities! 💰 If you’re self-employed, you’re my priority this tax season. Let’s get you the results you deserve.

📲 Contact me today to get started!
👩🏽‍💻
⭐️⭐️⭐️⭐️

12/25/2024

For anyone that is confused

🚨 𝐅𝐨𝐫𝐦 𝐖𝟒

Step 1: Personal information
**⁉️disclaimer having dependents does not automatically qualify you for head of household filing status. Consult with your tax professional to determine your filing status if unknown or unsure.

Step 2: Complete only if you work multiple jobs.✌🏾

Step 3: If your annual is income is less than $200,000 ($400,000 if married filing joint) multiply number of qualifying children under 17 by $2,000👩🏿‍⚖️

Ex: 1 dependent =$2,000
Ex: 2 dependents = $4,000
Ex: 3 dependents = $6000
& so forth.

Depending on yearly income I higly suggest my clients exceeding the AGI limits for their filing status to leave this at $0 or no higher than $2,000.

Step 3 Other Dependents: is to be used for children ages 17-24 if they are in school or disabled.

Step 4: Although its optional this is very crucial if you exceed the AGI limits for your filing status each tax year.

Line 4C is where additional monies can be withheld from each paycheck. I advise my clients to select an amount thats comfortable for them each pay period. (ex: $25 , $50, $75 etc)

SN: over $50K I highly suggest $100+ for extra withholding line 4C

I also advise to increase the amounts each time a taxpayer gets raise or does an excessive amount of overtime.

Hope this helps, I always advise to revisit this form yearly or each time your pay increases.

12/24/2024

🚨And another thing before tax season starts 🚨

🗣 My prices come with QUALITY, KNOWLEDGE, EXPERIENCE, INTEGRITY, and year around availability. So, dont come telling me what Boom'Antakaniqua charges or what she SAID she could get you back. Just let her do it.

* That's it, that's the post*

12/23/2024

1 Kid 5-7k

2 Kids 9-12k

3 Kids 10 - 14k

Yes, you read it right!

Can’t wait to see you Jan 2nd ✨

12/22/2024

What you need to know about the Child Tax Credit in 2025
(Tax Year 2024)

-The Child Tax Credit (CTC) helps reduce federal income tax for families with children under 17 at the end of the tax year, providing financial relief for child-related expenses.

-The CTC is worth up to $2,000 per child for the 2024 tax year. The refundable portion of the CTC, called the Additional Child Tax Credit (ACTC), increased to $1,700 in the 2024 tax year.

-The CTC operates as a partially refundable tax credit, not as monthly payments as in some prior years.

-To qualify for the CTC, your child must be under 17 at the end of the tax year, live with you for more than half the year, be your dependent child, and meet citizenship requirements.

-The CTC starts phasing out at a MAGI of over $200,000 for single filers and $400,000 for joint filers, reducing by $50 per $1,000 above these limits.

-The ACTC is a refundable portion of the CTC for those whose CTC exceeds their tax, with a refund calculated as 15% of earned income over $2,500, up to $1,700.

-To claim the CTC, gather necessary documentation and fill out Form 8812, Credits for Qualifying Children and Other Dependents, and the relevant line on Form 1040. Work with a Tax Pro to ensure you get the full credit.

12/21/2024

The difference between a tax credit and tax deduction

A tax credit directly reduces the amount of taxes you owe, dollar for dollar. For example, if you owe $1,000 in taxes and have a $200 tax credit, you’ll owe $800.

A tax deduction reduces your taxable income, which can lower the amount of tax you owe. For instance, if you have a $1,000 deduction and are in the 20% tax bracket, your tax bill would be reduced by $200 (20% of $1,000).

12/20/2024

Y'all check them cards, them deposits hit! 🤑

💲💲💲💲

Happy Fridaayyyy!!!! 🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑
🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑🤑

🤣🤣🤣🤣🤣🤣

Just practicing y'all Tax Season is otw🥳

12/19/2024

For the 2024 tax year, the maximum Earned Income Tax Credit (EITC) amounts are as follows
-No qualifying children: Up to $632
-One qualifying child: Up to $4,213
-Two qualifying children: Up to $6,960
-Three or more qualifying children: Up to $7,830

12/19/2024

Tax season is here. Now accepting all clients. Book with Asap Tax
& More now for your FREE QUOTE!!!

❌No long lines
🏢We file returns for all 50 states

👉You don't have to be local for a FREE QUOTE!!!
💎 File from your own home 🏠 On your phone 📲 or your computer 💻

Let's work together 🤝 to get you the MAX refund you deserve‼

January 2nd will be the first day for the 2025
Cash Advance up to $7k max‼

COME GET YOURS‼

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