S & L TAX SERVICE LLC
We are here to assist you with your taxes this season! Our services cover a wide range, including support for small businesses and the preparation of individual tax returns. We also offer 1099 and W-2 services, alongside assistance with audits and general tax issues. Additionally, we provide tax loans and tax planning services. Whether you own a business or need help with personal taxes, we are here to help. With over 21 years of experience in the tax field, contact us today!
Click on Photo's Below Refund Details
HOURS OF OPERATION
Appointments are available from 10 AM to 7 PM, Monday through Friday, and Saturdays from 9 AM to 1 PM (walk-ins are welcome).
Phone number and Address Below
706-283-3455 or 706-436-9757 New Address: 2612 Bowman Hwy Dewy Rose, Ga 30634
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Our Services
We collaboratively provide financial services to maximize client satisfaction while boosting the efficiency of our efforts. The friendly staff at S & L Tax Service includes several finance professionals who have experience in a wide variety of accounting areas, including:
- Tax preparation, including personal and business returns
- Payroll
We Can Help
If you are having trouble managing your personal or business-related finances, we can help. S & L Tax Service LLC is a full-service accounting firm that is equipped to manage the finances of individuals, large organizations, and everything in between! Contact us to learn more about how we can help you.
PAY $ZERO
Pay nothing upfront for tax preparation
Available first day of filing
Refund available within 21 days2
Tax preparation fees are taken out of your refund
Choose how to receive your refund3
Secure fee payment + No money up front + Hassle free
2025 Tax Rates
Income Tax Brackets
Income tax brackets segment income into various brackets, each associated with a specific tax rate that applies solely to the portion of income within that particular bracket.Filing Status: Single
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $11,925 | 10% of taxable income |
| $11,925 to $48,475 | $1,192.50 + 12% of the amount over $11,925 |
| $48,475 to $103,350 | $5,578.50 + 22% of the amount over $48,475 |
| $103,350 to $197,300 | $17,651 + 24% of the amount over $103,350 |
| $197,300 to $250,525 | $40,199 + 32% of the amount over $197,300 |
| $250,525 to $626,350 | $57,231 + 35% of the amount over $250,525 |
| Over $626,350 | $188,769.75+ 37% of the amount over $626,350 |
Filing Status:Head of Household
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $17,000 | 10% of taxable income |
| $17,000 to $64,850 | $1,700 + 12% of the amount over $17,00 |
| $64,850 to $103,350 | $7,442 + 22% of the amount over $64,850 |
| $103,350 to $197,300 | $15,912 + 24% of the amount over $103,350 |
| $197,300 to $250,500 | $38,460 + 32% of the amount over $197,300 |
| $250,500 to $626,350 | $55,484 + 35% of the amount over $250,500 |
| Over $626,350 | $187,031,50 + 37% of the amount over $626,350 |
Filing Status: Married Filing Jointly
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| $0 to $23,850 | 10% of taxable income |
| $23,850 to $96,950 | $2,385 + 12% of the amount over $23,850 |
| $96,950 to $206,700 | $11,157 + 22% of the amount over $96,950 |
| $206,700 to $394,600 | $35,302+ 24% of the amount over $206,700 |
| $394,600 to $501,050 | $80,398 + 32% of the amount over $394,600 |
| $501,050 to $751,600 | $114,462 + 35% of the amount over $501,050 |
| Over $751,600 | $202,154.50 + 37 % of the amount over $751,600 |
Filing Status: Married Filing Separately
| IF TAXABLE INCOME IS: | THE TAX IS: |
|---|---|
| Not over $11,925 | 10% of taxable income |
| $11,925 to $48,475 | $1,192.50+ 12% of the amount over $11,925 |
| $48,475 to $103,350 | $5,578.50 + 22% of the amount over $48,475 |
| $103,350 to $197,300 | $17,651 + 24% of the amount over $103,350 |
| $197,300 to $250,525 | $40,199 + 32% of the amount over $197,300 |
| $250,525 to $375,800 | $57,231 + 35% of the amount over $250,525 |
| Over $375,800 | $101,077.25 + 37% of the amount over $375,800 |
Standard Mileage Rate
Standard mileage rates are used to calculate the deductible expenses related to using a personal vehicle for work-related purposes. The rates are typically based on the miles driven. They are meant to cover the cost of operating a vehicle (fully electric, hybrid, gasoline, or diesel-powered), including fuel, maintenance, and depreciation.| USE | RATE |
|---|---|
| Business | 70 cents |
| Medical Care or Move (Military only) | 21 cents |
| Charitable | 14 cents |
Standard Deduction
The standard deduction is a set amount that taxpayers can subtract from their adjusted gross income to reduce their taxable income. It is a flat dollar amount that varies depending on the taxpayer's filing status. It is intended to simplify the tax filing process for individuals who may not have many itemized deductions. Taxpayers can take the standard deduction or itemize their deductions, which results in a lower taxable income.| Filing Status: | Standard Deduction: |
|---|---|
| Married Filing Jointly/Surviving Spouses | $30,000 |
| Heads of Households | $22,500 |
| Single | $15,000 |
| Married Filing Separately | $15,000 |
Education
The IRS offers education credits and student loan deductions to help taxpayers save money on education-related expenses. Education credits can help offset the cost of tuition, fees, and other eligible expenses for higher education.| Name | Maximum Credit |
|---|---|
| American Opportunity Credit (AOTC) | $2,500 |
| Lifetime Learning Credit (LLC) | $2,000 |
| Student Loan Interest Deduction | $2,500 |
Child Tax Credit
The Child Tax Credit (CTC) is a partially refundable financial benefit the government provides to eligible families or individuals with dependent children. It is designed to help reduce the financial burden of raising children by providing a tax credit directly reducing the amount of tax owed. The credit is typically based on the number of qualifying children and their age.| Maximum Credit | |
|---|---|
| Child Tax Credit | $2,000 |
| Advance CTC (Refundable Portion) | $1,700 |
Earned Income Tax Credit
The Earned Income Tax Credit (EITC) is a refundable tax credit for low to moderate-income working individuals and families. It is designed to help reduce the tax burden and provide financial support to those who need it.| Number of Qualifying Children | ||||
|---|---|---|---|---|
| One | Two | Three or More | None | |
| Earned Income Amount | $12,730 | $17,880 | $17,880 | $8,490 |
| Maximum Credit Amount | $4,328 | $7,152 | $8,046 | $649 |
| Threshold Phaseout Amount (Married Filing Jointly) | $30,470 | $30,470 | $30,470 | $17,730 |
| Completed Phaseout Amount (Married Filing Jointly) | $57,554 | $64,430 | $68,675 | $26,214 |
| Threshold Phaseout Amount (All other filing statuses) | $23,350 | $23,350 | $23,350 | $10,620 |
| Completed Phaseout Amount (All other filing statuses) | $50,434 | $57,310 | $61,555 | $19,104 |
Adoption Tax Credit
The Adoption Tax Credit is a non-refundable tax credit that provides financial assistance to individuals who have adopted a child. The adoption tax credit helps offset some of the costs associated with adoption and provides support to families welcoming a new child into their home.| Name | Maximum Credit |
|---|---|
| Adoption Tax Credit | $17,280 |
Retirement
The IRS sets annual contribution limits for retirement accounts like 401(k) plans and IRAs to help individuals save for retirement while receiving tax benefits. Contributions to these accounts are often tax-deductible, and the earnings grow tax-deferred until withdrawal.| Name | Contribution Limit | |
|---|---|---|
| 401(k), 403(b), most 457 plans | $23,500 | |
| Traditional/Roth IRAs | $7,000 | |
| SIMPLE IRAs | $16,500 |
Hours of Operation
Monday
10:00 AM - 7 PM
Tuesday
10:00 AM - 7 PM
Wednesday
10:00 AM - 7 PM
Thursday
10:00 AM - 7 PM
Friday
10:00 AM - 7 PM
Saturday
9:00 AM - 1 PM
Sunday
Closed