Choosing MoneyWise for your individual tax preparation comes with a range of benefits that make tax season easier, more efficient, and potentially more rewarding. Our team of tax experts is committed to understanding every detail of your financial situation, ensuring that we uncover every possible deduction and credit to maximize your refund or minimize your tax liability.
With MoneyWise by your side, you’ll experience a stress-free tax season. From start to finish, we provide clear guidance, personalized advice, and proactive support to ensure your taxes are prepared accurately and filed on time. Our network of top CPAs from across the nation ensures that you’ll have access to the very best in tax expertise, allowing you to feel confident that your tax strategy is optimized to fit your financial goals. When you choose MoneyWise, you’re not just choosing a tax service—you’re choosing a team dedicated to making tax season a positive, financially beneficial experience.
Mortgage Interest Deduction
Homeowners can deduct the interest paid on their mortgage, which can be significant, especially in the early years of a loan when interest payments are higher. This deduction can apply to both primary and secondary homes, as long as you meet certain requirements.
State and Local Taxes Deduction
You may be able to deduct up to $10,000 in property taxes, as well as state and local income taxes or sales taxes. This deduction is especially helpful for those who live in high-tax areas.
Student Loan Interest Deduction
If you’re paying off student loans, you can deduct up to $2,500 in interest paid on qualifying loans, helping to reduce your taxable income. This deduction is available even if you don’t itemize, making it accessible to more taxpayers.
Charitable Contributions
Donations made to qualified charities are deductible if you itemize your taxes. You can also deduct non-cash donations, such as clothing or household items, at their fair market value. Keep good records and receipts to support your contributions.
Medical and Dental Expenses
You can deduct medical and dental expenses that exceed 7.5% of your adjusted gross income (AGI). This can include out-of-pocket payments for doctor visits, prescription medications, and medical devices.
Retirement Contributions
Contributions to a traditional IRA or 401(k) are often tax-deductible, allowing you to save for retirement while reducing your taxable income. Contributing to these accounts can be a smart strategy for those looking to lower their tax bill and grow their retirement savings.
Maximize Your Refund
MoneyWise tax experts are dedicated to finding every deduction and credit you qualify for, ensuring you get the highest possible refund. We dive deep into your unique tax situation to make sure no opportunity is missed, leaving more money in your pocket.
Stress-Free Tax Season
Tax season can be overwhelming, but with MoneyWise, you’re not alone. We handle all the details from start to finish, so you can focus on what matters most while we make filing your taxes as smooth and stress-free as possible.
Personalized Tax Strategies
We know that every financial situation is unique, which is why we take a personalized approach to your taxes. MoneyWise works closely with you to understand your goals and financial circumstances, crafting tax strategies that fit your needs and help set you up for future success.
Trusted Network of Tax Professionals
With access to top CPAs and tax professionals from across the country, MoneyWise brings you expertise you can trust. Our network means that we’re always up-to-date on the latest tax laws and strategies, providing you with accurate and reliable tax services.
Year-Round Support and Planning
MoneyWise isn’t just there for you at tax time—we offer year-round support to help you make informed financial decisions. From tax planning to answering questions throughout the year, we’re here to help you stay on track and make the most of your finances all year long.