The April 15th Deadline Can be Taxing
It’s that dreaded time of year again—tax season. And if you are like many Americans you have procrastinated, and you now have to scramble to get your taxes filed in time to meet the deadline. Fortunately for you, FirstLantic hourly care has put together a last-minute list of tips so that you don’t miss out on important deductions for this year or in the future. 1. Increased standard deduction amounts • Single or married filing separately - $12,000 • Married filing jointly or qualifying widow ((er) - $24,000 • Head of household - $18,000 2. Healthcare spending deductions You can deduct expenses paid to cover a loved one’s unreimbursed medical costs if the qualified medical expense of everyone claimed on your tax returns [...]