ADVANCE TAX RELIEF - WE IRS TAX PROBLEM
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In recent years Congress made a number of adjustments to the tax code, most of them designed to reduce Americans’ tax bills. When reviewing your taxes, be sure to take these changes into account:
1. Energy-efficiency credits
Impact: Taxpayers who installed alternative energy equipment
If you installed alternative energy equipment including hot water heaters, solar electric equipment and wind turbines in your home, you may be able to claim a credit worth 30% of the expense. The credit is not refundable but any excess can be carried forward to future tax years
2. The American Opportunity Tax Credit
Impact: Taxpayers with education expenses
This tax break expands the Hope credit, which goes to people who pay college-related costs for themselves, a spouse or a child, or another dependent. You can receive a credit for up to $2,500 in tuition and related expenses, such as course materials, depending on your income and filing status.
Here’s how it works: You get a credit for 100% of the first $2,000 you spend on post-secondary education. After that, you can claim a credit of 25% of the next $2,000. The American Opportunity Credit is partially refundable, so if the credit reduces the taxes you owe below zero, you can receive up to $1,000 in the form of a refund.
This once temporary credit has now been made permanent.
3. Alternative minimum tax (AMT) changes
Impact: Some middle-to high-income taxpayers
In early 2013, Congress made the “AMT patch” permanent to prevent millions of taxpayers from having to pay AMT in 2013 and beyond. The exemptions for 2017 are:
$54,300 for single and head of household filers
$84,500 for married couples filing jointly and qualifying widow(er)s
$42,250 for married people filing separately
These amounts are indexed for inflation for future tax years.
GET TAX RELIEF HELP TODAY
If you think that you may need help filing your 2017 tax return, you may want to partner with a reputable tax relief company who can help you get the max refund.
Advance Tax Relief has a offices in Houston, TX and Los Angeles, CA and helps many individuals just like you work with the IRS to solve a wide variety of issues, including penalty waivers. Call our team today at 800-790-8574 for more information. For a free consultation, schedule an appointment with us online.
If you live in Los Angeles, contact us locally https://www.inglewoodtaxlawyers.com/ and if you live in Houston, TX contact us here www.advancetaxrelief.com.
However, it doesn’t matter where you live, we service taxpayers nationwide.
Advance Tax Relief is a BBB Accredited A+ Rated Business.
Some Recent Tax Settlements:
Mr. Dillard - CA Owed $6884, IRS settled for $400
Mr. Batiste - LA Owed $18513, IRS settled for $2972
Mr. Johnson - CA Owed $21,378, IRS settled for $4500
Ms. Gonzalez - TX Owed $28,816, IRS settled for $1700
Mr. Anthony - NY Owed $14,000, IRS settled for $900
Mr. Wilkes - CA Owed 32,211, IRS settled for $1250
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