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SERVICES

Business Tax Preparations

Dozens of small, medium, and large businesses use Intellitax each year for their tax return preparation for fast, reliable service. 

Tax Preparations

Get expert advice on how you should file, what tax credits you qualify for, and the latest tax laws that affect you.

Credit Repair

Everyone makes mistakes. Your credit is no exception. Let us help you improve your credit and put you in a better financial position.

Notary Services

Need a document notarized? We can help! Stop by our office for all of your notary needs. 

INTELLITAX FACTS ABOUT 2021
In 2021 you can receive up to:
$6,660: Three or more qualifying dependents
$5,920: Two qualifying dependents
$3,584: One qualifying dependent 
$538: Zero qualifying dependents 
*Remember that income and the age of each dependent is a huge determining factor, as it relates to the amount of earned income credit you are eligible for.
Things you should know in 2021:
  • Unemployment is taxable income (whether Covid related or not).
  • If you didn’t receive your stimulus check you can get a credit for it on your tax return.
  • The stimulus check will not lower your refund it can only increase it.
  • If you got unemployment, your refund may be lower because it’s considered unearned income and having unearned income eliminates certain tax credits. 
What to Bring when filing your Taxes:
  • An unexpired ID or drivers license
  • Social security cards for you and your dependents
  • Birth certificates
  • Insurance cards or proof or insurance
  •  1095-A if you had marketplace insurance
  • w2s for all jobs that you’ve worked
  •  1099s if you received any
  • 1098-T if you’re claiming the AOTC
  •  If you’re self employed you’ll need the income you made and your expenses
  • If you’re filing HOH you’ll need bills that are in your name and or a lease
  •  Receipts if you have any charitable donations or any other deductions that you’ll want to take
If you received the Economic Injury Payment better known as the Stimulus Check, you need to provide your Tax Preparer with the letter you received which is form1444 to validate the amount you received.
🔥🔥Tax Update: Self Employed Individuals Could Receive A Tax Credit of up to $15,110
🗣New Tax Credit: Form 7202 is used to calculate Credits for Sick Leave and Family Leave for Certain Self-Employed Individuals. 
Per the 7202 Eligible self-employed individuals are entitled to claim an income tax credit for qualified sick and family leave
Form 7202 is broken down into two portions: qualified sick leave and qualified family leave for self-employed individuals. 
The “qualified sick leave” equivalent amount is the lesser of the following:
100% of the average daily self-employment income
$511
NEW – Taxpayer can elect to use 2019 self-employment income to calculate average daily self-employment income
The maximum number of days that this credit can be taken is 10
2. The “qualified family leave” equivalent amount is the lesser of the following:
67% of the average daily self-employment income
$200
NEW – As with sick leave, Taxpayer can elect to use 2019 self-employment income to calculate average daily self-employment income
The maximum number of days that this credit can be taken is 50
Who is eligible?
In order to be an eligible self-employed person the following must apply:
You are conducting a trade or business as a self-employed individual and;
You would be eligible to receive paid sick leave under the Emergency Paid Sick Leave Act if you were an employee of an employer, other than yourself and/or;
You would be eligible to receive paid family leave under the Emergency Family and Medical Leave Expansion Act if you were an employee of an employer, other than yourself.

YOU DESERVE THE BEST!

We’ll help you understand what new laws affect you and how you can maximize your return to best benefit your situation. 

Tax

Planning

What deductions do you have? How many dependents are you claiming? Is my student loan interest tax-deductible?

You have questions. We have answers. Reach out so we can give you the reassurance needed that your taxes are in good hands. 

Credit Repair

Don’t let your credit score keep you from the home of your dreams! Let us help you build of your credit whether you are just starting out and have no credit or if you have mad ea few mistakes along the way and need help correcting them. 

7.6 Billion Hours

are spent  preparing taxes. Make sure yours are in the right hands. 

Future

Address

100 S. Main Street Suite 106           Duncanville, Texas 75116

Phone

(469) 759-6790

Email

Info@Intellitaxfinancialsolutions.com