Siming Tan-Tax Pro Philadelphia

Today tax tip:
Share what non custodial parents can claim as child related tax credit

Hardest part of tax time for you?

今日税务小贴士：2020超过调整税收收入7.5%的符合条件的医疗费用可明细抵扣。

today tax tips: in 2020, the IRS allows all taxpayers to deduct the total qualified unreimbursed medical care expenses for the year that exceeds 7.5% of their adjusted gross income.

今天税务小贴士： 如果你的2020纳税身份是单身，符合税务明细抵扣的费用超过你的标准抵扣 12400. 如果你的2020纳税身份是联合婚姻报税，符合税务明细抵扣的费用超过你的标准抵扣24800，应充分利用当年明细抵扣。

tax tips for today: utilize your itemization deductions in 2020 if your when your qualified expenses add up to more than the 2020 standard deduction of $12,400 for most singles and $24,800 for most married couples filing jointly.

have a good night!