Adis & Associates
Family Owned Since 1960

New  Price Increases For 2022 Due To New Regulations

New Clients: At Time Of Filing Proof With  Id's

Annual income tax return filed by citizens or residents of the United States. 
                
​1040 - 1040 SR
        Starting @ $129.00                                 N.J. State - $59.00

BUSINESS

Starting @ $159.00 per Business+ 1040 + N.J. State
​
Sole Proprietors​
1099 MISC
Single Member Limited Liability Company (LLC)
 
RENTALS

Starting @ $159.00 per Rental+ 1040 + N.J. State
     Single-Unit Rental Properties
Multi-Unit Rentals
 
 

Additional  administration Fees all returns: 
$39.95
                   Includes                    
Document Preparation and Retention 
Errors and Omission Insurance
Postage-Internet E~ Mail ,
Phone calls
Text messages
Credit Card Processing
Identity Verification
                                       
           Forms and Schedules  Call for pricing                                                     

Payment for service, due on day of services. We accept Visa, Master Charge, American Express, Discover Card, Pay Pal.

Venmo.

Marcus by Goldman Sachs

Honey 

Product Recalls

Standard Deductions For Tax Year 2021

Marital Status                             Standard Deduction
Single                                                    $12,550
Married Filing Jointly                        $25,100
Married Filing Separately                  $12,550
Head of Household                              $18,800

 

Tax Brackets for Tax Year 2021

Single

Tax rate    Taxable income bracket                     Tax owed

10%         $0 to $9,875                      10% of taxable income                       

12%         $9,876 to $40,125            $987.50 plus 12% of the amount over $9,875

22%         $40,126 to $85,525          $14,605.50 plus 24% of the amount over $85,525

32%         $163,301 to $207,350     $33,271.50 plus 32% of the amount over $163,300

35%         $207,351 to $518,400     $47,367.50 plus 35% of the amount over $207,350

37%         $518,401 or more           $156,235 plus 37% of the amount over $518,400

Married Filing Jointly

Tax rate  Taxable income bracket                       Tax owed

10%       $0 to $19,750                     10% of taxable income

12%       $19,751 to $80,250        $1,975 plus 12% of the amount over $19,750

22%       $80,251 to $171,050      $9,235 plus 22% of the amount over $80,250

24%       $171,051 to $326,600    $29,211 plus 24% of the amount over $171,050

32%       $326,601 to $414,700    $66,543 plus 32% of the amount over $326,600

35%       $414,701 to $622,050    $94,735 plus 35% of the amount over $414,700

37%       $622,051 or more          $167,307.50 plus 37% of the amount over $622,050

Married Filing Separately

Tax rate  Taxable income bracket                       Tax owed

10%       $0 to $9,950                        10% of taxable income

12%       $9,951 to $40,525            $995 plus 12% of the amount over $9,950

22%       $40,526 to $86,375          $4,664 plus 22% of the amount over $40,525

24%       $86,376 to $164,925        $14,751 plus 24% of the amount over $86,375

32%       $164,926 to $209,425      $33,603 plus 32% of the amount over $164,925

35%      $209,426 to $314,150      $47,843 plus 35% of the amount over $209,425

37%      $314,151 or more             $84,496.75 plus 37% of the amount over $314,150

Head Of Household

Tax rate  Taxable income bracket                       Tax owed

10%       $0 to $14,200                     10% of taxable income

12%       $14,201 to $54,200         $1,420 plus 12% of the amount over $14,200

22%       $54,201 to $86,350         $6,220 plus 22% of the amount over $54,200

24%       $86,351 to $164,900     $13,293 plus 24% of the amount over $86,350

32%     $164,901 to $209,400     $32,145 plus 32% of the amount over $164,900

35%     $209,401 to $523,600     $46,385 plus 35% of the amount over $209,400

37%     $523,601 or more         $156,355 plus 37% of the amount over $523,600

Can I Claim the EIC?

To claim the EIC, you must meet certain rules. These rules are summarized in Table 1.

Table 1. Earned Income Credit in a Nutshell

First, you must meet all the rules in this column.Second, you must meet all the rules in one of these columns, whichever applies.Third, you must meet the rule in this column.

Chapter 1.
Rules for EveryoneChapter 2.
Rules If You Have a Qualifying ChildChapter 3.
Rules If You Do Not Have a Qualifying ChildChapter 4.
Figuring and Claiming the EIC

1. Your adjusted gross income (AGI) must be less than:

• $51,464 ($57,414 for married filing jointly) if you have three or more qualifying children who have valid SSNs,

• $47,915 ($53,865 for married filing jointly) if you have two qualifying children who have valid SSNs,

• $42,158 ($48,108 for married filing jointly) if you have one qualifying child who has a valid SSN, or

• $21,430 ($27,380 for married filing jointly) if you don’t have a qualifying child who has a valid SSN.2. You must have a valid social security number by the due date of your 2021 return (including extensions).

3.You must meet certain requirements if you are separated from your spouse and not filing a joint return.

4. You must be a U.S. citizen or resident alien all year.

5. You can’t file Form 2555 (relating to foreign earned income).

6. Your investment income must be $10,000 or less.

7.You must have earned income.8. Your child must meet the relationship, age, residency, and joint return tests.

9. Your qualifying child can’t be used by more than one person to claim the EIC.

10. You can’t be a qualifying child of another person.11. You must meet the age requirements.

12. You can’t be the dependent of another person.

13. You can’t be a qualifying child of another person.

14. You must have lived in the United States more than half of the year.15. Your earned income must be less than:

• $51,464 ($57,414 for married filing jointly) if you have three or more qualifying children who have valid SSNs,

• $47,915 ($53,865 for married filing jointly) if you have two qualifying children who have valid SSNs,

• $42,158 ($48,108 for married filing jointly) if you have one qualifying child who has a valid SSN, or

• $21,430 ($27,380 for married filing jointly) if you don’t have a qualifying child who has a valid SSN.

 IRS Form 1040-1040 SR:​             

Starting @ 129.00

• You have certain types of income, such as unreported tips; certain nontaxable distributions; self-employment earnings; or income received as a partner, a shareholder in an S corporation, or are a beneficiary of an estate or trust.

• You itemize deductions or claim certain tax credits or adjustments to income,

• You owe household employment tax 

​

New Jersey 1040:   

       Starting @ $59.00          

Who Must File a New Jersey Income Tax Return You must file a return if – and your gross income from everywhere for the entire year your filing status is: was more than the filing threshold: Single Married/CU partner, filing separate return $10,000 Married/CU couple, filing joint return Head of household $20,000 Qualifying widow(er)/surviving CU partner Also file a return if , You had New Jersey Income Tax withheld and are due a refund.  You paid New Jersey estimated taxes for 2020 and are due a refund.  You are eligible for a New Jersey Earned Income Tax Credit or other credit and are due a refund. Note: Homeowners and tenants age 65 or older or disabled who do not have to file a New Jersey return may be eligible for a Property Tax Credit

BUSINESS

Starting @ $159.00 + 1040 per Business

​

• Sole Proprietors​

• 1099 MISC

• Single Member Limited Liability Company (LLC)

Rental Property: 
Starting @159.00 + 1040 per Rental
 

Tax Correspondence Manager