Ujjaval Tax Service

Ujjaval Tax Service Offer Bookkeeping, Payroll, Entity Formation, and Tax prep service to individuals and small business

Ujjaval Tax Service is a local accounting firm that is committed to provide comprehensive and professional accounting service. We offer Bookkeeping, Payroll, Business formation, and Tax preparation service to individual, sole proprietors and S corporation at affordable rates. Our goal is to provide professional and quality accounting services by delivering personalized financial solutions to our c

lients. We hope to build long-term relationship with our clients and become their one-stop all resource for all accounting needs. If you would like to engage our service, let’s start by contacting us.

We appreciate your trust and confidence in our service. Your love and support is invaluable and we look forward to helpi...
04/16/2026

We appreciate your trust and confidence in our service. Your love and support is invaluable and we look forward to helping you again! Thank you!

Standard Deduction vs. Itemized Deductions: When filing your tax return, deductions help reduce your taxable income, whi...
03/21/2026

Standard Deduction vs. Itemized Deductions:

When filing your tax return, deductions help reduce your taxable income, which may lower the amount of tax you owe. Taxpayers generally have two choices when claiming deductions:

Standard Deduction OR Itemized Deductions

You can only choose one, and the goal is to select the option that gives you the best tax benefit.

Standard Deduction vs. Itemized Deductions

Standard Deduction : The standard deduction is a fixed amount decided by the IRS every year which you can use based on your filing status. Most taxpayers choose this option because it is simple and does not require proof of expenses.

2025 Standard Deduction (Filed in 2026)

Single / Married Filing Separately: $15,750

Married Filing Jointly: $31,500

Head of Household: $23,625

Additional deductions are available for taxpayers who are age 65 or older or blind.

Itemized Deductions : Instead of taking a fixed amount decided by the IRS, you can itemize eligible expenses such as:

- Mortgage interest

- State and local taxes (SALT)

- Medical expenses exceeding 7.5% of AGI

- Charitable donations

- Disaster losses

If the total of these expenses is greater than the standard deduction, itemizing will be more beneficial.

Example 1:

Filing Status: Single

Income: $40,000

Itemized deductions: $14,000

Standard deduction: $15,750

Because the standard deduction is higher, taxable income would be reduced more by choosing the standard deduction.

Example 2:

Filing Status: Married Filing Jointly

Income: $90,000

Mortgage interest: $14,000

Property taxes: $8,000

Charitable donations: $4,000

Total itemized deductions = $26,000

Standard deduction = $31,500

In this case, the standard deduction would still be higher, so it would likely be the better option. However, if the couple’s itemized deductions were greater than $31,500, then itemizing would provide a larger tax benefit.

Need Help Choosing the Right Deduction or have a question about taxes?

At Ujjaval Tax Service, we help individuals identify the best deduction strategy to maximize the refund.

Feel free to reach out to us at Phone: 785-218-5134 or email: [email protected].

02/03/2026

The provides updated inflation adjustments, including standard deduction increases for tax year 2025, reflecting changes from the One, Big, Beautiful Bill. These updated amounts may affect how much income is subject to tax when you file this year. Learn more: https://ow.ly/WL9250XWo6J

Hello friends! 👋 Thank you for nominating us for “Best Accounting Service” with iHutto! We’re honored to be in the Top 3...
02/02/2026

Hello friends! 👋 Thank you for nominating us for “Best Accounting Service” with iHutto! We’re honored to be in the Top 3, and we’d love your support once again to win!

Please take a moment to vote for Ujjaval Tax Service in the “Best Accounting Service” category, and don’t forget to vote for other local businesses you love too. Supporting local businesses is what makes our community so special 💙

Thank you all for your continued love and support!

Please click on the link below to vote! https://docs.google.com/forms/d/e/1FAIpQLSexf75IDUDUUE_aJoy1kaBxZLtcOHdSzjo4Lv7uhaMyxiRaaw/viewform

Hutto, Texas - Welcome to Year Six of The Best of Hutto Awards, the only community voted awards in town. It's not just an event; it's a celebration of community, excellence, and connection. The awards look to amplify their voices and shines a spotlight on their contributions to the vibrant tapestry....

Happy New Year! As you begin receiving your tax documents in upcoming weeks, please remember that IRS will begin accepti...
01/13/2026

Happy New Year!

As you begin receiving your tax documents in upcoming weeks, please remember that IRS will begin accepting returns on Monday, January 26th. Here are some highlights for the tax season. Please do not hesitate to reach out to us at (785) 218-5134 or [email protected] with any questions.

01/01/2026
Thank you for trusting us with your business in 2025, we look forward to helping you again in the upcoming months!
12/24/2025

Thank you for trusting us with your business in 2025, we look forward to helping you again in the upcoming months!

Tax Law Changes Under the One Big Beautiful Bill Act (OBBBA)The One Big Beautiful Bill Act (OBBBA), signed into law by P...
07/17/2025

Tax Law Changes Under the One Big Beautiful Bill Act (OBBBA)

The One Big Beautiful Bill Act (OBBBA), signed into law by President Trump on July 4, 2025, introduces significant and permanent changes to the U.S. tax code. Expanding upon provisions from the Tax Cuts and Jobs Act (TCJA), the OBBBA affects both individuals and businesses with its wide-reaching reforms. This document consolidates and summarizes the key highlights of the legislation, combining insights from official legislative summaries and expert tax commentary.

Key Tax Changes for Individuals:

• Permanent extension of TCJA’s individual tax brackets (10% to 37%) and upward adjustments to tax brackets to reduce inflation impact.
• Standard deduction permanently increased with inflation adjustments. For 2026: $16,550 (single), $33,100 (married); plus a supplemental deduction of $1,000 (single), $2,000 (married) for 2025–2028.
• Child Tax Credit increased to $2,200 and made permanent with a $1,400 refundable portion. A $500 credit for non-child dependents is also available. Claimants must have valid SSNs.
• Deductions through 2028 for tip income (up to $25,000) and overtime pay (up to $12,500), subject to income-based phaseouts.
• Additional deduction for seniors age 65+ (2025–2028): $6,000 (single), $12,000 (married).
• Section 529 plans expanded to cover more educational expenses starting in 2025 or 2026, depending on the expense.
• Elimination of clean energy tax credits, including those for residential improvements and new/used electric vehicles after Sept. 30, 2025.

Key Tax Changes for Businesses:

• 100% bonus depreciation permanently reinstated for qualified assets placed in service after Jan. 19, 2025.
• Special 100% depreciation introduced for Qualified Production Property (QPP) in manufacturing and refining.
• Section 179 expensing limit raised to $2.5 million with a $4 million phase-out, adjusted for inflation.
• Section 199A Qualified Business Income (QBI) deduction made permanent with more favorable calculation methods and inflation-indexed floors.
• Business interest deduction rules liberalized by returning to pre-2022 calculations, including addbacks for depreciation, amortization, and depletion.
• Excess business loss limitations made permanent with inflation-indexed thresholds.
• Expansion of Qualified Small Business Stock exclusions for greater tax-free investment gains.
• Enhanced enforcement of Employee Retention Credit to prevent fraud.

The One Big Beautiful Bill Act includes sweeping and detailed tax changes that will affect nearly all taxpayers. To optimize tax outcomes, individuals and business owners please reach out to us at

Email: [email protected]
Phone: 785-218-5134

Address

Ed Schmidt Boulevard
Hutto, TX
78634

Opening Hours

Saturday 10am - 7pm
Sunday 8am - 5pm

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