Office: 2372 Morse Ave, Irvine, CA 92614
Phone: (949) 356-0840
Email: irvinetaxsolutions@gmail.com

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RESOURCES

January 28, 2020

The tax season is here again! This year, the IRS announced 4 recent changes in tax laws that can save you a lot.

1. Individual Income Tax

The IRS has increased the standard deduction, which can increase your taxable income.

New tax brackets in 2020:

The current standard deduction is $12,400 for singles, up from $12,200 in the prior year, and $24,800 for marri...

January 14, 2020

What is CTC? 

In 1998, the Child Tax Credit (CTC) was available for the public by legislation. This policy started from $400 for each qualifying child. It is used to relief the heavy tax that certain taxpayers with qualified dependents are facing. 

How much can you earn from it? 

As of today, this policy lifts the amount of credit to a considerable degree: 

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