Tax Xpress Refunds Inc

10/30/2022

The next tax season will begin before you know it... gather your financial documents now.

04/14/2020

Used this link for IRS Economic Impact Stimulus

We’re committed to helping you get your economic impact, or stimulus, payment as soon as possible. See if you are eligible for an Economic Impact Payment.

01/18/2020

STOP! READ!
We are printing Easy Advance Tax Checks TODAY!
we started on 01/02/2020
WHY ARE YOU WAITING??

01/15/2020

Tax Tips

Saver’s Credit
This runs 10% to 50% of up to $2,000 in contributions to an IRA, 401(k), 403(b) or certain other retirement plans ($4,000 if filing jointly). The percentage depends on your filing status and income.

Health Savings Account contributions deduction
Contributions to HSAs are tax-deductible, and the withdrawals are tax-free, too, as long as you use them for qualified medical expenses. For 2019, if you have self-only high-deductible health coverage, you can contribute up to $3,500; in 2020, it’s $3,550. If you have family high-deductible coverage, you can contribute up to $6,900 in 2019 and $7,100 in 2020.

01/11/2020

TAX TREATMENT FOR FAMILY MEMBERS WORKING IN THE FAMILY BUSINESS

One of the advantages of someone running their own business is hiring family members. But when including family members in business operations, certain tax treatments and employment tax rules apply.

We have the answers....come in to see one of our tax professionals TODAY!!! 305-681-9559

01/10/2020

Tax Tip... our tax pros are ready to service your preparation needs!

01/10/2020

Our tax preparers are Ready....

01/09/2020

01/07/2020

IRS opens 2019 tax filing season for individual filers on Jan. 27!!!!

01/06/2020

R-2019-215, December 31, 2019

WASHINGTON — The Internal Revenue Service today issued the 2020 optional standard mileage rates (PDF) used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

Beginning on January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

57.5 cents per mile driven for business use, down one half of a cent from the rate for 2019,
17 cents per mile driven for medical or moving purposes, down three cents from the rate for 2019, and
14 cents per mile driven in service of charitable organizations.
The business mileage rate decreased one half of a cent for business travel driven and three cents for medical and certain moving expense from the rates for 2019. The charitable rate is set by statute and remains unchanged.

It is important to note that under the Tax Cuts and Jobs Act, taxpayers cannot claim a miscellaneous itemized deduction for unreimbursed employee travel expenses. Taxpayers also cannot claim a deduction for moving expenses, except members of the Armed Forces on active duty moving under orders to a permanent change of station. For more details, see Rev. Proc. 2019-46 (PDF).