top of page

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
Financial advisor
Financial advisor
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. 
Financial advisor
Financial advisor
CONTACT US
Financial advisor

Financial Advisor

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

bottom of page