With your input, and by staying on top of the ever-changing tax laws, we can help design a tax strategy to help you manage your tax situation. We can file and e-file your Federal, Arizona state, or out-of-state returns, including all the Schedules appropriate for your situation.
Do you know how much you spend on dining out? How about groceries? If not, we can help you set up a program and budget to help you track your personal finance and spending. It's easy to do and a simple way to understand how you might be able to save money for your future, or save in one area to be able to spend more in another.
To go along with your budget, we can prepare a report that provides a plain-language analysis of an individual's or family's financial condition, and even compare your situation to U.S. averages.
When other opportunities arise, we are available for consultation to evaluate the tax consequences of a new business, purchasing land or rental property, investment strategies, inheritances and estates, and any other event that may cause a change in your taxes.
Contact us for a blank tax organizer you can use to help organize your current year tax information.
Here is a partial list of many of the items that are allowed as an itemized deduction on Schedule A. Some are limited by a percentage of AGI, and some may be phased-out depending on your situation. When gathering your tax information, be sure to include a summary of these items by category.
Publication 502: Medical and Dental Expenses
18325 North Allied Way #125
Phoenix, Arizona 85054
Contacts and supplies
Orthodontics or dentures
Mental or physical therapy
Birth control if prescribed by a doctor
Medical, dental, and long-term care insurance
Doctor and Dentist fees
Special in-home equipment for a medical benefit
Items necessary for allergies or respiratory ailments
Hospital and nursing fees
Medical and Dental costs (paid out-of-pocket), including:
State income taxes paid or general sales tax paid
Real Estate taxes
Personal property taxes
Vehicle license tax
Home mortgage interest
Points paid on purchase of residence
Points paid on refinancing
Charitable contributions (cash and non-cash)
Legal fees for collecting taxable income or keeping a job
Gambling losses to the extent of gambling winnings
(must be documented)