McKay Tax & Accounting

12/12/2023

2023 and 2024 Tax Planning -

As we approach the year-end, we are pleased to present our annual tax planning insights for your consideration. The financial landscape has seen significant changes in 2023, and we aim to provide you with essential updates and recommendations.

12/19/2022

Below you will find your 2022 Tax Updates. Feel free to contact me if you have any questions. 2022 Standard Deductions In 2022 Standard Deductions and Credits will return to the previous levels. The new 2022 standard deductions are $12,950 for single, $19,400 for the Head of Household, and $25,900 f...

12/14/2020

We can't believe it has been a year! Read our McKay Tax Annual Letter for the 2020 Tax Updates you need to be prepared this tax season.

01/07/2020

The time is now!

01/02/2020

Look for your appointment confirmation and questionnaire to come in the mail by January 5th or sooner.

12/30/2019

Just a reminder! We sent this letter out to our clients via email earlier in December. If you missed the memo, find a copy here on our website:

Dear Client, 2018 was the first year that people filed under the new tax law (Tax Cut and Jobs Act). Here are some interesting facts from McKay Tax client tax filing last year: Over 50% of you that…

12/30/2019

McKay Tax Annual Letter: check these 2019 tax items off by December 31

Dear Client, 2018 was the first year that people filed under the new tax law (Tax Cut and Jobs Act). Here are some interesting facts from McKay Tax client tax filing last year: Over 50% of you that…

12/28/2019

Look at you! Here are some fun facts we can share about McKay Tax Clients from last year.

12/27/2019

Don't forget! Donations and write-offs require a receipt. Make your charitable donations by December 31!

12/23/2019

Don't forget! If you have a few underperforming stocks that you wouldn’t mind unloading, now is the time! By selling an underperforming stock, you may be able to wipe out any capital gains from the year for any positive stock sales, plus another $3,000 in income.

12/21/2019

See what's new for the 2019 tax filing year.

12/20/2019

If you are over 50 years old and wait until tax filing day in 2020, you may be able to get a deduction for an IRA for 2019 of up to $6,000 or $7,000. If you are over 70 ½ years old and are required to take a 2019 minimum distribution from your IRA account then you can make the distribution payable to your favorite charity and have it not be taxable.