Here at Slim, we want to provide tax assistance even if you are not a direct client of ours. Personal and business finances can get messy, and we're here to help clear some of it up for you!
important dates
Quarterly Tax Payments:
Q1: April 15
Q2: June 15
Q3: September 15
Q4: January 15
Individual Tax Filings:
April 17, 2018
TASKS TO PREPARE FOR THE FISCAL YEAR
Track Expenses - medical, business, charity
Gather income information
W2’s employee income
1099’s Independent project income
1098’s Investment Income
Rental Property Income-self tracked
Check due dates and filing deadline
EASILY MISSED DEDUCTIONS
Home Office Deductions
Business Use of Vehicle
Student Loan Interest
Moving Expense for First Job
Charitable Contributions
Mortgage Points
Earned Income Tax Credit (EITC)
rental property & foreign taxes
Rental Property
Schedule C: Easy way to track income and expenses for rental properties
Foreign Taxes
1040NR
Form 1116
Foreign Tax Credits
tax deductions
| Tax Rate | Single | Head of Household | Married (filing jointly) | Married (filing separately) |
|---|---|---|---|---|
| 10% | < $9,325 | < $13,350 | < $18,650 | < $9,325 |
| 15% | $9,326 to $37,950 | $13,351 to $50,800 | $18,651 to $75,900 | $9,326 to $37,950 |
| 25% | $37,951 to $91,900 | $50,801 to $131,200 | $75,901 to $153,100 | $37,951 to $76,550 |
| 28% | $91,901 to $191,650 | $131,201 to $212,500 | $153,101 to $233,350 | $76,551 to $116,675 |
| 33% | $191,651 to $416,700 | $212,501 to $416,700 | $233,351 to $416,700 | $116,676 to $208,350 |
| 35% | $416,701 to $418,400 | $416,701 to $444,550 | $416,701 to $470,700 | $208,351 to $235,350 |
| 39.6% | $418,401+ | $444,551+ | $470,701+ | $235,351+ |