NO $ DOLLAR LEFT BEHIND !!
Tate, Tate & Tate Tax Service, family owned and operated for over 59 years. Offering a professional tax service in a warm family atmosphere. We treat our clients like guests as we provide top-notch service ALL YEAR LONG. No tax is too complicated nor too easy. Just give us a call or shoot us an e-mail. We will set up an appointment so you can get the quality time you deserve. We can assure you our best, located at 4601 Old Branch, Temple Hills, Md 20748. Office Tel: 301-423-8249 Fax: 301-423-8251
IRS Tax Change
You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in EV or fuel cell electric vehicle (FCV). The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.
The credit is available to individuals and their businesses.
To qualify, you must:
Buy it for your own use, not for resale
Use it primarily in the U.S.
In addition, your modified adjusted gross income (AGI) may not exceed:
$300,000 for married couples filing jointly
$225,000 for heads of households
$150,000 for all other filers
Tax Service | Tate,tate & Tate Tax Service | United States
“Maximize the financial healthy and minimize the tax burden for our clients by leaving no dollar left behind.”
Starting in 2014, if you get your health insurance coverage through the Health Insurance Marketplace, you may be eligible for the Premium Tax Credit. This tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. The open enrollment period to purchase health insurance coverage for 2014 through the Marketplace runs from Oct. 1, 2013, through March 31, 2014.
The Internal Revenue Service (Service) recognizes a marriage of same-sex individuals validly entered into in a state whose laws authorize the marriage of two individuals of the same sex even if the state in which they are domiciled does not recognize the validity of same-sex marriages.
Preservation of the $5 million individual ($10 million per couple) exemption for estate taxes. Estate value above that threshold will be taxed at 40% rate, up from the current 35%.
Increase in the dividends and capital gains tax rate from 15% to 20% for individual tax payers earning above $400,000 (AGI) and families earning above $450,000.
An end to the payroll tax holiday. The social security withholding rate is reset to its previous 6.2% rate on the first $113,700 in earnings for each individual taxpayer.
Individual income tax preparation
Business income tax preparation
Tax Planning Consultation
Small Business start-up consultation
A MESSAGE FROM CEO
A Message of Thanks and Forward Vision from our CEO – Jerome S. Tate
2024: A Year of Renewed Vision and Shared Momentum
To our Valued Clients,
As dawn breaks on 2024, we at Tate, Tate & Tate Tax Service join you with immense gratitude for our shared journey.
The past few years haven't been easy, particularly under the pandemic's shadow. While many businesses sadly didn't weather the storm, we stand together, stronger and wiser from the hardships endured.
We're incredibly thankful for your patience, understanding, and invaluable feedback as we navigated the challenges together. It propelled us not just to survive, but to thrive with a renewed vision for the future. We'rearmed with the lessons learned and unwavering commitment to serve you, our valued clients, every step of the way.
However, the path ahead requires our continued vigilance. We must safeguard both our physical and political health. Local elections wield significant power, shaping tax policies that directly impact your lives. Stay
At Tate, Tate & Tate Tax Service, we're your trusted partners in navigating the complexities of this evolving landscape. We're your guides through this dynamic terrain, always striving to "Leave no dollar behind" as wesecure your financial well-being.
So, let us raise a toast to 2024 - a year of renewed vision, shared momentum, and unwavering dedication to our clients. We look forward to continuing this journey together, building a brighter future, one tax return at a time.
With sincere gratitude,
Jerome S. Tate