CREDITS
2024 The maximum credit amounts are based on whether the taxpayer can claim a child for the credit and the number of children claimed if you qualify:
1- Zero children: $538 2- One child: $3,584 3- Two children: $5,920 4- Three or more children: $6,660
Earned Income Credits:
Do you work? Did a child live with you for over half of the year?
Do you pay for someone in your family to attend school?
If you answered YES to ANY of these questions, file your federal tax return and you may get a REFUND up to: • $7,830 per for the Earned Income Tax Credit (EITC) or $632 per return for the EITC if you don’t have a child.
ACTC amount increased.
• $1,700 per child for the Additional Child Tax Credit (ACTC).
• $1,000 per student for the American Opportunity Tax Credit (AOTC)
PERSONAL INFORMATION FOR EACH FAMILY MEMBER:
- Name
- Date of Birth
- Social Security Card /ITIN/ATIN
- Spouse's full name and social security number
- Last year's tax Return
- Amount of any alimony paid and ex-spouse social security number
INCOME AND UNEARNED INCOME TAX INFORMATION
- W-2’s
- Interest 1099-INT or substitute
- 1099-DIV or substitute
- Estimated taxes paid
- Self-Employment Income and Expenses
- Stock Sales 1099-B or Broker Statement
- Sale of a Personal Residence
- Miscellaneous Income 1099-MISC
- Rental Income and Expenses
- Gambling or Lottery Winnings W-2G
- State Income Tax Refund 1099-G
- Pension Income 1099-R
- Social Security or Railroad Retirement SSA-1099 or RRB-1099
- IRA or 401-k Distribution 1099-R
- Unemployment Compensation 1099-G
ADJUSTMENTS & DEDUCTIONS:
- Medical Expenses
- Real Estate or Personal Property Taxes
- Educator Expenses
- Mortgage Interests
- Student Loan Interest
- Charitable Contributions
- Employee Business Expenses
- Gambling Losses
- Moving Expenses
- Traditional IRA Contributions
- Higher Education Expenses
TAX CREDITS:
- Child Care Provider - Address and Employer Identification Number (EIN) or Social Security Number (SSN)
- Child Adoption Expenses
- Retirement Savings Contributions
ESTUDENT INCOME:
- Forms 1098-T and 1098-E
RENTAL INCOME:
-
Records of Income and Expenses
-
Rental asset information (date placed in service, cost, etc) for depreciation
Call: 214-994-9490 / 972-219-5258 to talk directly with Start Star Tax professional .
What service and guarantees does Start Star Tax offer?
!Sometimes the best things in life are free estimates! Free tax advice may prove invaluable, and it's available just by calling or stopping by the Start Star Tax office.