Individual & Family Tax Services

Individual & Family Tax Return Services

Tax returns are often straightforward for certain individuals. But for some people and their families, financial life changes may mean talking with a CPA about your personal tax preparation is the fastest, most cost-effective way to come out on top of tax season. 

A new job, a growing family, marriage, or unfamiliar investment income can turn a simple task into a complex puzzle. Relying on an experienced CPA firm ensures your return is accurate, optimized for savings, and filed correctly and on time.

My accounting team at Thackston & Associates helps clients in Westminster and across Maryland to quickly and easily file their personal tax returns. And if you need an extension, we can help there too.

Take out the guesswork with a local, cost-effective accounting partner. Click here to contact our team today for a free and confidential consultation on your personal tax needs.

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Our Individual Tax Preparation Services

From my office in Westminster, MD, I proudly serve clients across the state. Our cost-conscious individual tax return services include:

• Federal & State Tax Filing: Complete preparation of your Federal Form 1040 and your Maryland state tax return (Form 502), as well as any other required state filings.
• Analysis of All Income Types: We ensure accurate reporting for all sources of income, including wages, freelance income (1099-NEC), investments, and retirement distributions.
• Maximizing Deductions & Credits: We meticulously review your information to claim every available deduction and credit, such as those for education, childcare, and charitable contributions.
• Filing for Tax Extensions: If you need more time to gather your documents, we can file Form 4868 on your behalf to secure an automatic extension.
• Support with IRS Correspondence: Receiving a letter from the IRS can be intimidating. We can help you understand and respond to any inquiries.

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Understanding the Individual Tax Return (Form 1040)

For many residents of Carroll County and Frederick County, life doesn’t fit neatly into the boxes provided by off-the-shelf software. A dedicated CPA can work together with you to ensure you're paying the minimum you owe and receiving the maximum refunds and other tax incentives.

We see our clients as partners. My role is to understand your complete financial picture, not just the numbers on a form. This allows us to ask the right questions and identify tax-saving opportunities you might have missed.

Our tax filing and tax planning team will guide you through the process of gathering and reporting all necessary information for your Form 1040, which includes common sources of income such as:

• Wages and Salaries (Form W-2)
• Tips and Gratuities
• Dividends and Interest
• Capital Gains from Investments
• Unemployment Compensation
• Pensions, Annuities, and Social Security Benefits
• Taxable Scholarships and Grants

We believe in a collaborative process. Our team at Thackston & Associates works with you every step of the way to ensure your income data is accurate and you have a complete understanding of your tax situation.

What If You Need More Time to File?

Sometimes, life gets in the way, or you may be waiting on necessary documents. If you need more time to prepare your return, we can help you file for an extension with the IRS. This is a common and straightforward process when handled by a professional.

1. Filing Form 4868: We can file Form 4868, Application for Automatic Extension of Time to File U.S. Individual Income Tax Return, on your behalf.
2. Understanding the Extension: An extension grants you more time to file your return (typically until October 15) but does not extend the time to pay any taxes you owe.
3. Estimating Your Tax Liability: We can help you estimate your tax liability to ensure you pay what you owe by the original deadline, avoiding potential penalties and interest.

Contacting a tax professional as early as possible is the best course of action if you believe you may need an extension.

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Why Entrust Your Personal Taxes to a Professional CPA?

When you partner with an accountant for your individual tax return, you gain more than just a completed form. You gain a partner dedicated to your financial well-being. 

Our clients in Carroll County, Frederick County, and beyond choose us because we provide:

• Accuracy and Compliance: We stay current on ever-changing local, state, and federal tax laws, ensuring your return is filed correctly and protecting you from potential audits or penalties.
• Identification of Savings: Our team is trained to identify all eligible deductions and credits you might otherwise miss, helping you keep more of your hard-earned money.
• Peace of Mind: We handle the details so you don’t have to. Let us manage the forms, calculations, and deadlines, freeing you to focus on what matters most.
• Answers to Your Questions: If you’ve received a tax form you don’t recognize or are unsure how to report certain income, we are here to provide clear, understandable answers.

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Your Local Partner for Personal Tax Preparation

You deserve an accounting partner who is invested in your financial well-being.

At Thackston & Associates, we are committed to building lasting relationships with our clients in Westminster and beyond. Our office is conveniently located on Main Street in Westminster and we are proud to be a part of the greater Maryland community. 

We are committed to building lasting relationships based on trust and exceptional service.

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Schedule Your Confidential Tax Evaluation Today

Stop worrying about filing your tax returns and start planning for tax savings and refunds with help from the professionals. 

Reach out to Thackston & Associates for a free and confidential evaluation of your tax situation. We are ready to help you save money, ensure compliance, and make tax season a smooth and stress-free experience.