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Personal Taxes 

Financial advisor

Every filer has unique circumstances and deserves our focused attention.

We take a personal approach in a discreet, comfortable and dignified atmosphere. our entire financial picture - past, present and future is taken into consideration to respond to your needs...

 

Two out of every five of our new clients qualify for additional refunds plus interest!*

We've recovered thousands of dollars for our clients from their prior returns.*

 

We provide Electronic Filing for Fast Refunds.

 

Initial Consultations and Estimates are FREE.

*Individual Results May Vary

7 Deductions You Can Itemize

Some you know, some you may not. And some you may have forgot. Listed below are 7 allowable deductions we can itemize for you to further maximize tax savings. They are:

  • Medical and dental expenses (exceeding 7.5% of Adjusted Gross Income [AGI])

    State and local income taxes

  • Real estate taxes

  • Personal property taxes

  • Home mortgage interest

  • Investment interest

  • Gifts to charity

Financial advisor
Financial advisor

2022 Filing Status & Requirements

Filing Status
Age
Minimum W-2 Income Requirement
Minimum Self-Employment Income Requirement
Single
Under 65
$12,950
$400
Single
65 or Older
$14,700
$400
Married Filing Jointly
Both Spouses Under 65
$25,900
$400
Married Filing Jointly
One Spouse 65 or Older
$27,300
$400
Married Fillng Jointly
Both Spouses 65 or Older
$28,700
$400
Married Filing Separately
Any Age
$12,950
$400
Head of Household
Under 65
$19,400
$400
Head of Household
65 or Older
$20,800
$400
Qualifying Widow(er) with Dependent Child
Under 65
$25,900
$400
Qualifying Widow(er) with Dependent Child
65 or Older
$27,300
$400

The New 2022 Federal Income Tax Brackets & Rates

Tax Bracket/ Filing Status
Single
Married Filing Jointly or Qualifying Widow
Married Filing Separately
Head of Household
10%
$0 to $10,275
$0 to $20,550
$0 to $10,275
$0 to $14,650
12%
$10,276 to $41,775
$20,551 to $83,550
$10,276 to $41,775
$14,651 to $55,900
22%
$41,776 to $89,075
$83,551 to $178,150
$41,776 to $89,075
$55,901 to $89,050
24%
$89,076 to $170,050
$178,151 to $340,100
$89,076 to $170,050
$89,051 to $170,050
32%
$170,051 to $215,950
$340,101 to $431,900
$170,051 to $215,950
$170,051 to $215,950
35%
$215,951 to $539,900
$431,901 to $647,850
$215,951 to $323,925
$215,951 to $539,900
37%
$539,901 or more
647,851 or more
$323,926 or more
$539,901 or more
SERVICES
We Know Taxes.
Our firm has over 30 years of experience to meet your needs. The professional staff at LoTurco & Company are all experienced in accounting, taxation, and finance that may help bring about tax savings to you. 
CONTACT US
Financial advisor

Financial Advisor

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

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