How much do you charge to prepare a tax return?
Rates vary based upon the complexity and type of return. Customary rates for income tax return preparation range from $400 to $2,500.
A free one-hour consultation is available to discuss your specific needs and receive a service quote.
IRS Standard Mileage Rates
- Business use: 70 cents per mile
- Medical / moving: 21 cents per mile
- Charitable service: 14 cents per mile
Quarterly Estimated Tax Payments
Federal requirements mandate payment of either 100% of prior year tax (110% for incomes exceeding $150,000) or 90% of current year tax.
California requires installment percentages of 30%, 40%, 0%, and 30% respectively.
Can I pay taxes by credit card?
The IRS permits credit card payments through approved service providers. Processing fees typically range from 2% to 4%.
Gift Tax Exclusion
The annual exclusion amount is $19,000 to another individual without it being considered a taxable gift.
401(k) Contribution Limits
The standard limit is $23,500, with an additional $7,500 allowed for those age 50 and over.
Have a question not answered here? Give Laurel a call at 707.410.8328