Personal Taxes 

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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

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Financial advisor

2021 Filing Status & Requirements

Filing Status
Age
Minimum W-2 Income Requirement
Minimum Self-Employment Income Requirement
Single
Under 65
$12,500
$400
Single
65 or Older
$14,250
$400
Married Filing Jointly
Both Spouses Under 65
$25,100
$400
Married Filing Jointly
One Spouse 65 or Older
$26,450
$400
Married Fillng Jointly
Both Spouses 65 or Older
$27,800
$400
Married Filing Separately
Any Age
$12,550
$400
Head of Household
Under 65
$18,800
$400
Head of Household
65 or Older
$20,500
$400
Qualifying Widow(er) with Dependent Child
Under 65
$25,100
$400
Qualifying Widow(er) with Dependent Child
65 or Older
$26,450
$400

The New 2021 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 $9,950
$0 to $19,900
$0 to $9,950
$0 to $14,200
12%
$9,951 to $40,525
$19,901 to $81,050
$9,951 to $40,525
$14,201 to $54,200
22%
$40,526 to $86,375
$81,051 to $172,750
$40,526 to $86,375
$54,201 to $86,350
24%
$86,376 to $164,925
$172,751 to $329,850
$86,376 to $164,925
$86,351 to $164,900
32%
$164,926 to $209,425
$329,851 to $418,850
$164,926 to $209,425
$164,901 to $209,400
35%
$209,426 to $523,600
$418,851 to $628,300
$209,426 to $314,150
$209,401 to $523,600
37%
$523,600 or more
628,300 or more
$314,151 or more
$523,600 or more
 
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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. 
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Financial advisor
 
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Financial Advisor

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010

1040 Hempstead Turnpike # 20, Franklin Square, NY 11010