Jeff Keenan
Welcome to Keenan Tax Service.
Please CLICK HERE for important information for filing your 2024 income taxes.
2024 TAX ISSUES
Some of the important 2024 tax filing issues include:
2024 KEENAN TAX SERVICE
Welcome to Keenan Tax Service.
- 23 years tax filing experience.
- Preparation and planning.
- Over 5,000 hours of tax research.
Please CLICK HERE for important information for filing your 2024 income taxes.
2024 TAX ISSUES
Some of the important 2024 tax filing issues include:
- Standard Deduction Increased. For 2024, the standard deduction has increased. For married taxpayers filing a joint return, the new deduction is $29,200, an increase from 2023 ($27,700). For single filers, the new deduction is $14,600, an increase from 2023 ($13,850).
- Crypto (Virtual) Currency. As it has been in the past, if you received, sold, bought, or exchanged any virtual currency during 2024, this must be reported on your 2024 tax filing. This is true EVEN IF YOU DID NOT MAKE A PROFIT or if you have bought currency but did not sell it yet. The IRS continues to monitor crypto transactions and have identified this as an tax compliance issue they will be enforcing.
2024 KEENAN TAX SERVICE
- IRS E-signature compliance. If you want to complete your tax filing using e-signature instead of signing paper forms, you can do so. However, IRS compliance requires that we use a Knowledge-Based Authentication system (KBA). The KBA will ask you knowledge-based questions that only you will know the answers to (similar to questions you need to answer if you login to the Social Security website). If you wish to do an electronic signature, please let me know when you send your tax documents. There is an additional charge of $5 per tax return packet. E-signature is not required and taxpayers can still submit a print-and-sign documents