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+