top of page
  • Writer's pictureJonathan Chavez

Tax Season 2024 Is Here

After a short delay to start the tax filing season 2024, we have officially begun taking clients in person and via email. The IRS opened their offices on January 29, 2024 and will process tax returns on a first come first serve basis per usual. Some taxpayers may face a longer delay this year if they claimed either the Earned Income Tax Credit (EITC) or the Child Tax Credit (CTC) and/or the Additional Child Tax Credit (ACTC). If your return falls into one of these categories, your refund may not be processed until mid February. You can always check on the status of your refund via Where's My Refund on the IRS website or for the status of your state refund directly on the FTB Website. Changes are coming soon for the child tax credits and more information to follow regarding this topic. As of today, an increase in the credit has passed the House but still needs to get the approval of the Senate. Stay tuned.


The Standard deduction for the 5 filing statuses are as follows for tax year 2024.

Single Filer (Unmarried): $13,850

Married Filing Separate: $13,850

Married Filing Joint: $27,700

Qualifying Widow(er): $27,700

Head of Household: $20,800


For more information, feel free to contact us.

15 views0 comments

Recent Posts

See All

Third Wave of Economic Stimulus Payments Sent Out

Yes, the third wave of Economic Stimulus Payments have been sent out. The very first wave of payments was issued to those taxpayers who already had their bank account and direct deposit information on

Economic Impact Payments and What You Need To Know

The country has definitely had a rough start to 2020. At the moment, many countries around the world are staying home and altering their lifestyle to help combat the coronavirus that has affected thou

Covered CA Enrollment Extended

On March 20, 2020 in Sacramento, as the majority of the country enters its second week of quarantine in efforts to slow the spread of the Coronavirus (Covid-19) that has already claimed the lives of t

Comments


bottom of page