Exemptions Archives | Crabb Tax Services

The Marriage Tax Penalty, Post-TCJA

Crabb Tax Services — Sun, 23 Jun 2019 19:14:19 +0000

The law known as the Tax Cuts and Jobs Act (TCJA) addressed the individual tax rate bracket structure's previous contribution to a marriage tax penalty by equalizing married filing jointly tax amounts with those of two single individuals combined (each with half the amount of taxable income of the joint filers), up to the bottom threshold of the highest tax bracket.

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Unfiled Tax Returns: What Do You Do?

Chris Crabb, Tax Specialist — Fri, 11 Aug 2017 06:02:20 +0000

by McNair Law Firm, P.A. The United States has a voluntary income tax reporting system. U.S. citizens, permanent residents, and businesses here must annually file income tax returns with the IRS, reporting their “worldwide income”, deductions, and their “net taxable income”,

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Tax Tip: How the IRS Taxpayer Bill of Rights Works

Chris Crabb, Tax Specialist — Wed, 18 Jan 2017 03:32:37 +0000

IRS Special Edition Tax Tip 2017-01, January 17, 2017 Taxpayers have fundamental rights under the law. The “Taxpayer Bill of Rights” presents these rights in 10 categories. This helps taxpayers when they interact with the IRS. Publication 1, Your Rights

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Welcome to Crabb Tax Service’s New Website!

Chris Crabb, Tax Specialist — Mon, 17 Nov 2014 20:15:55 +0000

Thanks for visiting our great new website! Built by San Diego WordPress specialist Edward A. Sanchez of Brass Ring Multimedia, this site uses WordPress, the top content management system (CMS). WordPress makes it extra easy for us to provide you with great information,

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Tax Tip: Affordable Care Act for Individuals

Chris Crabb, Tax Specialist — Tue, 23 Sep 2014 19:39:05 +0000

New IRS Publication Helps You Find out if You Qualify for a Health Coverage Exemption IRS Health Care Tax Tip 2014-19, Sept. 23, 2014 You may read the full article HERE on Internal Revenue Service’s Website Taxpayers who might qualify

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Tax Tip: Miscellaneous Deductions Can Cut Taxes

Chris Crabb, Tax Specialist — Fri, 15 Aug 2014 19:39:05 +0000

You may be able to deduct certain miscellaneous costs you pay during the year. Examples include employee expenses and fees you pay for tax advice. If you itemize, these deductions could lower your tax bill. IRS Summertime Tax Tip 2014-19,

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Tax Tip: Home Office Deduction Features Simpler Option

Chris Crabb, Tax Specialist — Wed, 19 Mar 2014 19:39:05 +0000

If you work from home, you should learn the rules for how to claim the home office deduction. Starting this year, there is a simpler option to figure the deduction for business use of your home. The new option will

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Tax Tip: Are Your Social Security Benefits Taxable?

Chris Crabb, Tax Specialist — Fri, 28 Feb 2014 19:13:45 +0000

Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the IRS can help you determine if some of your benefits are taxable. IRS Tax Tip

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