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Noel Santos
Emmanuel A. Santos JD CPA, Incorporated
447 Sutter Street, Suite 714, San Francisco, CA 94108
Phone: 415-362-8921
Fax: 415-362-8924
Cell: 415-412-5839
Email: noel@eas-cpa.com
Website: www.eas-cpa.com
Your Business...Your Family...Our Concern
Throughout this newsletter, we’ll focus on numbers you need to know for tax year 2019 and offer a sampling of what’s ahead for 2020. Consult a tax professional for personalized help.
If you take the standard deduction, you can reduce your taxable income by up to $24,400 in 2019 if married and filing jointly, $18,350 if you file as head of household or $12,200 if you’re single or married and filing separately. Those numbers will increase to $24,800, $18,650 and $12,400 respectively in 2020.
https://www.irs.gov/pub/irs-drop/rp-19-44.pdf and https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2020
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