We specialize in bookkeeping, payroll, income tax return preparation, and retirement planning, and serve a nationwide clientele consisting of individuals and businesses of all types and sizes (LLC, partnerships, C & S Corporations), as well as trusts and estates. As financial problem solvers, we provide practical advice and proactive solutions with personalized service. We are affordable, experienced, and friendly, and we tirelessly study and research the ever-changing world of tax law and regulation so that we can help every client realize the greatest possible savings and return on investments. Our office is conveniently located in Dover, Delaware. Please contact us today to find out more about how we can make YOUR life less taxing!
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How much does a mindset shift play into success in your job? What other factors do you think bring success in your everyday work?
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Think Like a Winner: 12 Mindset Shifts for Unlimited Success
Winners approach their work with a positive, respectful, proactive attitude and they have a passion for what they do and for the people they do it with.- likes 0
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Yes, you can still itemize deductions, but if your total itemized deductions are under the standard deduction threshold, you don't need to itemize. That threshold currently sits at $14,600 for singles and $29,200 for couples.
If your total itemized deductions exceed that amount, you should be itemizing. Here are the kinds of things that can be itemized:
- property tax & state income tax (up to $10k)
- mortgage interest (with some limitations)
- medical expenses over 7.5% of your gross income
- charitable donations
- state and local sales taxes
If the current standard deduction amount lowers (which it will in 2026 if legislation isn't passed to continue the current higher amount), then itemizing will be a game changer.
Not sure where you stand on all this? Let's talk.
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First State CPAs & Associates |
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18 S. State St, Dover, DE 19901 |
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(302) 736-6657 | |
Business Hours | |
January 1st April 15th | |
Monday–Friday: | 8am–5pm |
Saturday & Sunday: | closed |
April 16th December 31st | |
Monday–Thursday: | 8am–5pm |
Friday, Saturday & Sunday: | closed |