Prosperity Tax Service

Name: Prosperity Tax Service
Address: 540 Middlesex Avenue Suite B, Metuchen, NJ, US
Telephone: (732) 734-1505
Price range: $

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United States
Metuchen, NJ
Prosperity Tax Service

Personal income tax preparation service located in Central NJ. Personal Income Tax Preparation and Filling, Tax Planning, Advice, and IRS problems.

Office located in Middlesex County, NJ. Services also performed remotely.

04/23/2026

Another tax return preparation season has come to a close. We want to take a moment to say THANK YOU for being our client. Your trust in us and your continued loyalty means the world. We look forward to serving you next season or sooner, as we continue to be available for late filing and throughout the year, for all your personal income tax advice, planning, and preparation needs....Wendy D. Reed, EA, Charlene Velli, and Ryne Galiszewski-Edwards

04/08/2026

WHAT IS AN ENROLLED AGENT? Enrolled agents (EAs) are tax experts. EAs are the only federally licensed tax practitioners who both specialize in taxation and have unlimited rights to represent taxpayers before the Internal Revenue Service. Unlike attorneys or CPAs, who are licensed by the states, EAs are federally licensed. The enrolled agent status is the highest license the IRS grants a tax professional. And while the IRS requires all preparers to obtain and maintain a valid Preparer Tax Identification Number (PTIN), enrolled agents have gone beyond basic requirements and have demonstrated their expertise through testing.

03/13/2026

TEMPORARY ENHANCED SENIOR DEDUCTION

Starting in the 2025 tax year (taxes filed in 2026) through 2028, taxpayers aged 65 and older may be eligible to claim an enhanced $6000 deduction per person ($12,000 if married filing jointly and both spouses are eligible). This deduction, which reduces taxable income and is part of the "One Big Beautiful Bill Act", is additional, on top of the standard deduction and the existing additional deduction for seniors.

To be eligible you must be age 65 or older by the end of the tax year and have a valid Social Security number. You must file single, head of household, or married filing jointly (not available if married filing separately). This deduction is available to taxpayers who claim the standard deduction or itemize. It starts to phase out for taxpayers with modified gross income over $75,000 ($150,000 for joint filers).

02/26/2026

Not sure if you made enough income to meet the federal tax return filing requirement? Filing could get you money back if you qualify for refundable tax credits, had federal income tax withheld from your paycheck, or made estimated tax payments.

02/23/2026

TRUMP ACCOUNTS enacted by the 2025 One Big Beautiful Bill Act (OBBBA), are tax-advantaged, IRA-style investment accounts for U.S. citizen children under 18 with a valid Social Security number.

Parents or legal guardians that claim the child as a dependent on their tax return can elect to open an account on behalf of the child. Filing Form 4547 with your 2025 tax return serves as an election to establish the account.

Starting July 5, 2026, families, friends and employers can contribute up to $5000 per year per child. As special incentive, children born between 2025 and 2028 receive a $1,000 federal contribution. And some children 10 years old or younger (born before 2025) may qualify for a $250 contribution from the Dell Foundation.

Funds may not be touched until the child reaches age 18. At that point, some or all the money may be withdrawn, or it can be left invested for further tax deferred growth. When money is taken out, the tax deferred earnings will be subject to income tax.

The child may use the money without penalty for education, home buying, or starting a business. If the money is taken out before age 59-1/2 and is used for a non-qualified expense, it will be subject to a 10% penalty on top of the ordinary income tax owed.

For more information see: www.trumpaccounts.gov

01/30/2026

Thank you to everyone that braved the cold and joined us for our hot topic presentation "Your Taxes Under the One Big Beautiful Bill Act". And a special thank you to Librarian Najea Grimes and the Woodbridge Public Library System - WPL NJ for hosting our presentation!

12/30/2025

IMPORTANT USPS POSTMARK CHANGE
Affecting 2025 Year-End Contributions and Other Timely Mailings

A new USPS postmark rule effective December 24, 2025, states that machine postmarks reflect the date of first automated processing at a regional center, NOT when you drop mail off. This change can DELAY A POSTMARK BY DAYS, potentially making time-sensitive mail (tax-deductible year-end contributions, tax payments, tax returns) late for deadlines despite being mailed on time. To ensure timely mailing get a manual (hand-stamped) postmark at a post office counter, use a Postage Validation Imprint (PVI) label, or use services like certified/registered mail for proof of mailing.

What's Changing?
- OLD WAY: Mail dropped off (blue box, PO) often got a postmark reflecting that day's acceptance.
- NEW WAY (Effective Dec 24, 2025): Machine postmarks are applied at regional processing centers, potentially days after drop-off.

Why It Matters:
- TAX DEDUCTIONS: Year-end donations mailed late in December could get a January postmark (e.g., mailed December 31/postmarked January 5) making them deductible for the next tax year.
- LATE PENALTIES: A delayed postmark (e.g., mailed April 15/postmarked April 16) can trigger penalties or interest.
- LEGAL DEADLINES: Many laws (IRS, state) rely on the postmark date to determine if something was filed on time.

How to Ensure Your Mail is Timely:
- DONATE ONLINE: Donate securely online to ensure immediate receipt of your transaction.
- GO INSIDE: Visit a USPS retail counter in person and ask for a manual (hand-stamped) postmark, purchase a stamp from the counter showing Postage Validation Imprint (PVI) date of purchase/proof of mailing, or use certified/registered mail which provides a dated receipt and is more secure.
- AVOID: Blue collection boxes, self-service kiosks, relying on the postmark from your office postage meter, third-party shippers (UPS, FedEx).

11/29/2025

HAPPY SMALL BUSINESS SATURDAY!

When you support small businesses, we know that you are making a choice to invest in dreams, support local livelihoods, and contribute to the uniqueness that small businesses bring to our communities. We want to acknowledge the significance of your choice and to THANK YOU for supporting Prosperity Tax Service and all local businesses.

We are busy preparing for Income Tax Filing Season 2026. We are excited to be offering a FREE seminar on "Taxes and the One Big Beautiful Bill Act"! Details coming soon.

04/19/2025

We’d like to say THANK YOU to all of our clients for choosing https://www.prosperitytaxservice.com Whether you had your tax returns prepared by us for the first time or are a long-time client, referred us to your family and friends, enjoyed our bright and happy new office space, reviewed us online, or followed us on social media, we are grateful to you, our wonderful clients, for another amazing tax return filing season!

Please know that we continue to be available for late filing and throughout the year, for all your personal income tax advice, planning, and preparation needs.

Wendy D. Reed, EA, Charlene Velli, and Ryne Galiszewski-Edwards

04/13/2025

Oh....3 More Days!!!!

04/06/2025

Sharing a customer's personalized review of our staff from Square:

Dear ladies, it is always a pleasure dealing with you. One of the smartest moves I have ever made (business-wise) was to follow Wendy from HR Block all those years ago to her private practice. Not only have you not let me down once, you also helped me immeasurably when I was dealing with the nightmare of working in NYC and struggling to navigate those taxes, plus other financial quandaries.

You’re not only highly competent & efficient but very personable as well. I am more than happy and eager to recommend you to others. Therein lies my only real regret. I can’t think of anyone that I can refer to you in the future. However, you will always be my first and last recommendation to anyone I think of. Keep up the great work and I will see you in another year! Best wishes and prosperity, Mike B.

Address

540 Middlesex Avenue Suite B
Metuchen, NJ

Telephone

(732) 734-1505

Website

http://www.prosperitytaxservice.com/

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