What Are Tax Exemptions? Tax exemptions reduce your  adjusted gross income , ensuring that not all of your income is taxed. Your total exemptions, along with your  standard deduction  or  itemized deductions , are subtracted from your adjusted gross income to figure your  taxable income . Tax exemptions are divided into two categories:  personal exemptions  and  dependent exemptions . Each tax exemption is worth $3,950 for Tax Year 2014.  How Many Tax Exemptions Can I Claim? Generally, you can claim one personal tax exemption for yourself and one for your spouse if you are  married . Your spouse is never considered your dependent. You can also claim one tax exemption for each person who qualifies as your  dependent . You cannot claim any exemptions if another taxpayer is entitled to claim you as a dependent. In this case, they get the exemption for you, and you are not allowed to claim any dependents. 2014 Federal ...

Average Prices for Tax Preparation Fees. It's a bit easier to find average prices for tax preparation services. The National Society of Accountants in their 2010 fee study reports the following average prices charged by their members: Average for 1040 with Schedule A and state return: $229 Average for 1040 with state return with no itemized deductions: $129 Average Prices at Franchised Tax Offices H&R Block: $189 per return (average, 2010 data) Jackson Hewitt: $208 per return (average, 2010 data) Average Prices at SANTANDER TAX SERVICE $60  Our prices are as fallow All 1040 Forms $50 1040 Form + Schedule A (Most homeowners) $60 1040 Form + Schedule C ( Self Employed) $70 1040 Form + Schedule C + Schedule A $80 Make your appointment today 805-705-8572

El IRS empezará a aceptar declaraciones de impuestos el 30 de enero, Para los  Declarantes de las formas 1040 A raíz de los cambios en los impuestos en enero, realizado por el Congreso bajo la Ley de Ayuda al Contribuyente americano (ATRA), el Servicio de Impuestos Internos anunció hoy que planea abrir la temporada de impuestos del 2013 y comenzar a procesar individualmente sus declaraciones de impuesto sobre la renta el 30 de enero. El IRS empezará a aceptar declaraciones de impuestos en esa fecha después de actualizar y completar los formularios de programación y pruebas de los sistemas de procesamiento. Esto reflejara la mayor parte de los cambios en las leyes fiscales aprobadas y finalisadas el 2 de enero. El anuncio significa que la gran mayoría de los declarantes de impuestos - más de 120 millones de hogares - debe ser capaz de iniciar la presentación de declaraciones de impuestos a partir 30 de enero. El IRS estima que los hogares restantes podrán iniciar la presenta...