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Personal Tax Services

Filing your personal income taxes accurately and efficiently is important. A professional CPA firm like CKH Group can make all the difference, ensuring you maximize your tax deductions and credits to minimize your tax liability. Our comprehensive knowledge of tax laws helps you stay compliant.

As a leading CPA firm based in Atlanta, we take pride in offering Tax Services designed to:

    • Maximize deductions and credits to minimize liability
    • Reduce risk and costly errors
    • Save you time, money, and stress

What Is Personal Income Tax?

Also known as individual income tax, this is a tax levied on the salaries, wages, investments, or other forms of income a person or household earns. The U.S. imposes a progressive income tax where rates increase with income ( brackets). This is done both at the federal level and in most (but not all) states.

What Are Itemized Tax Deductions?

One of the decisions on a tax return is whether or not to itemize your tax deductions. A standard deduction is a deduction that you can qualify for without providing any documentation. Itemizing your deductions, on the other hand, requires documented proof to substantiate your deductions; you have to understand the rules and calculate what is most beneficial to you.

While itemizing can be more complicated, if the deduction is greater than a standard deduction, it makes sense to do it. This is where CKH Group can step in, maximizing your deductions and lowering your tax bill as much as possible.

Tax Credit vs Tax Deduction

Optimizing tax credits and tax deductions is one of the ways CKH Group can save you money when you file your tax return. But what is the difference between the two? Both reduce your tax bill but in different ways.

A tax credit directly reduces the amount of taxes you owe, lowering your tax bill by the exact amount the credit is for. It is a direct reduction of your tax liability. Tax deductions, on the other hand, reduce how much of your income is subject to taxes. Therefore, credits as a whole tend to save you more money on your tax bill. However, there are two different credits: refundable tax credits and nonrefundable tax credits, meaning some credits might not allow you to take the full benefit of the credit if it takes your tax bill below zero.

Frank Jackson business Tax

Why Choose CKH Group?

CKH Group’s Tax Services are designed to unlock your tax potential and secure your financial well-being.

With CKH Group, you’re not just getting a CPA firm; you’re gaining a trusted partner committed to your success. Discover the CKH Group advantage, where excellence, integrity, and expertise come together to create a powerful tax partnership for you. Contact us today to explore how our Tax Services can add value to your organization.

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Personal Income Tax Services