Current Year Engagement Letter
2021 Income Tax Return Annual Engagement Letter
Client Organizer
Please click here to download the current client organizer.
Client Questionnaire
Please click here to download the 2021 client questionnaire
E-File & Direct Deposit Authorization Forms
Stimulus and Child Tax Credit Schedule
E-File Organizer Authorization
Current Year Tax Tables
| Single | Married, Filling Jointly | Head of Household | Married, Filing Separate | |
| 10% Tax Rate | $0 – $9,950 | $0 – $19,900 | $0 – $14,200 | $0 – $9,950 |
| 12% Tax Rate | $9,951 – $40,525 | $19,901 – $81,050 | $14,201 – $54,200 | $9,951 – $40,525 |
| 22% Tax Rate | $40,526 – $86,375 | $81,051 $172,750 | $54,201 – $86,350 | $40,526 – $86,375 |
| 24% Tax Rate | $86,376 – $164,925 | $172,751 – $329,850 | $86,351 – $164,900 | $86,376 – $164,925 |
| 32% Tax Rate | $164,926 – $209,425 | $329,851 – $418,850 | $164,901 – $209,400 | $164,926 – $209,425 |
| 35% Tax Rate | $209,426 – $523,600 | $418,851 – $628,300 | $209,401 – $523,600 | $209,426 – $314,150 |
| 37% Tax Rate | $523,601 + | $628,301 + | $523,601 + | $314,151 + |
| FILING STATUS | STANDARD DEDUCTION |
| Single | $12,550 |
| Married Filing Jointly or Qualifying Widow(er) | $25,100 |
| Married Filing Separately | $12,550 |
| Head of Household | $18,800 |
Retirement Contribution Limits
This chart lists the maximum amounts individuals are permitted to contribute to their retirement plans each year.
| Maximum Dollar Limits | 2022 | 2021 | 2020 | |
| Annual employee contribution limit for 401(k), 403(b), or 457 savings plans | $ 20,500.00 | $ 19,500.00 | $ 19,500.00 | |
| Annual catch-up contribution limit for 401(k), 403(b) or 457 savings plans if employee is age 50 or over | $ 6,500.00 | $ 6,500.00 | $ 6,500.00 | |
| Maximum annual benefit payable by a defined benefit pension plan | $ 245,000.00 | $ 230,000.00 | $ 230,000.00 | |
| Annual limit for combined employer – employee contributions to a defined contribution plan | $ 61,000.00 | $ 58,000.00 | $ 57,000.00 | |
| Annual contribution limit to an Individual Retirement Account for individuals | $ 6,000.00 | $ 6,000.00 | $ 6,000.00 | |
| Annual catch-up contribution limit for Individual Retirement Accounts for individuals age 50 or over | $ 1,000.00 | $ 1,000.00 | $ 1,000.00 | |
| Annual employee contribution for SIMPLE plans | $ 14,000.00 | $ 13,500.00 | $ 13,500.00 | |
| Annual catch-up employee contribution for SIMPLE plans if employee is age 50 and over | $ 3,000.00 | $ 3,000.00 | $ 3,000.00 | |
| Maximum amount of wages taxable by Social Security | $ 147,000.00 | $ 142,800.00 | $ 137,700.00 | |
Current Year Education Credit Information
| 2021 – Education Incentives & Phaseouts | ||||||
| (Schedule provided for your review as to opportunities available based on your income – same expenses cannot be used for more than one program) | ||||||
| American Opportunity Credit (formerly Hope Credit) | Lifetime Learning Credit | Penalty-free withdrawals from regular and Roth IRAs | Scholarships | Employer Provided Educational Assistance Plan | U.S. Savings Bond Proceeds | |
| Phase-out | Single: AGI $80,000 – $90,000 Married Filing Joint: AGI $160,000 – $180,000 | Single: AGI $59,000 – $68,000 Married Filing Joint: AGI $118,000 – $136,000 | None | None | None | Single: AGI $82,350 – $97,350 Married Filing Joint: AGI $123,550 -$153,550 |
| Comment | Available first four years of college; $2,500 maximum per yr. per half-time student 40% can be refundable | Available indefinitely; $2,000 maximum per year per taxpayer; nonrefundable | Withdrawals from regular IRAs are generally subject to income tax but not to 10% early withdrawal penalty | Excludible from gross income as long as degree program & no services performed | Excludible from gross income up to $5,250. Extreme restrictions on plan | Interest income may be excludible from gross income. Bonds must have been issued after 1989 |
| Deductible Education Expenses | Student Loan Interest Deduction | Qualified State Tuition Program | Coverdell Education Savings Account (Education IRA) | **Tuition and Fees Deduction (From AGI) $4,000 $2,000 | ||
| Phase-out | If from AGI deduction, subject to miscellaneous itemized deduction 2% of AGI limitation | Single: AGI $70,000 – $85,000 Married Filing Joint: AGI $140,000 – $170,000 | None | Single: AGI $95,000-110,000 Married Filing Joint: AGI $190,000 – $220,000 | Single: AGI under $65,000 Married Filing Joint: AGI under $130,000 | Single: AGI $65,001 – $90,000 Married Filing Joint: AGI $130,000 – $160,000 |
| Comment | Education must be required by employer or must maintain or improve a skill in current employment activity | $2,500 maximum deduction per year from AGI | Earnings used for education purposes will generally not be taxable in tax years beginning after 2001 | $2,000 per year per beneficiary nondeductible contribution. Beneficiary must be less than 18. Asset of parent for financial aid | Qualified expenses at any college, university, vocational school or other postsecondary institution eligible to participate in Department of Education financial aid programs | |