Lancaster Accounting & Tax Service

Lancaster Accounting & Tax Service Lancaster Accounting & Tax Service Lancaster Accounting & Tax Service Lancaster Accounting & Tax Service
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Lancaster Accounting & Tax Service

Lancaster Accounting & Tax Service Lancaster Accounting & Tax Service Lancaster Accounting & Tax Service
  • Home
  • Services
  • About
  • Peer Review Report
  • Client Reviews
  • Contact
  • 2024 Tax Season

2024 Tax Season

What are the standard deductions?

 

Single and Married Filing Separate: $14,600

 

Married Filing Joint and Qualified Widower: $29,200

 

Head of Household: $21,900


What are per diem rates?

 

Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:

 67 cents per mile driven for business use

30 cents per mile for imputed depreciation

21 cents per mile driven for medical or moving purposes for qualified active-duty members of the Armed Forces

14 cents per mile driven in service of charitable organizations

$59/$79 - M&IE Daily Rates (US/Non-Continental) 

How do I get the 1099-G tax form for Unemployment Compensation?

 

 

From September to December 2024, NYS DOL will send DocuSign emails to New Yorkers who will receive 1099-G tax forms for tax year 2024 The DocuSign email will provide information about accessing the 2024 1099-G tax form, which will become available in January 2025.

Do you need to file sales tax?

 

 

 

https://www.tax.ny.gov/pdf/publications/sales/pub750.pdf 

Do you qualify for a certificate of authority?

 

 

  

https://www.businessexpress.ny.gov/app/answers/cms/a_id/2058/

Do you need to file Form 1099-NEC?

 

  

Form 1099 NEC is due to the recipient and the IRS by January 31, 2025

Did you pay at least $600 in

1. Services performed by someone who is not your employee?

2. Payments to an attorney?

3. Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish?

Do you need to file Form 1099-NEC?

 

  

Form 1099 NEC is due to the recipient and the IRS by January 31, 2025

Did you pay at least $600 in

1. Services performed by someone who is not your employee?

2. Payments to an attorney?

3. Cash payments for fish (or other aquatic life) you purchase from anyone engaged in the trade or business of catching fish?

Do you need to file Form 1099-MISC?

  

Form 1099 MISC is due to the recipient by January 31, 2025 and February 15, 2025 for attorneys and Substitute dividends and tax-exempt interest payments reportable by brokers

Paper filed Form 1099 MISC is due to the IRS by February 28, 2025 Electronically filed Form 1099 MISC is due to the IRS on March 1, 2025

Did you pay at least $600 in

1. Rents?

2. Prizes and awards?

3. Other income payments?

4. Generally, the cash paid from a notional principal contract to an individual, partnership, or estate?


 

Do you need to file Form 1099-MISC?

  

  

5. Any fishing boat proceeds?

6. Medical and health care payments?

7. Crop insurance proceeds?

8. Payments to an attorney?

9. Section 409A deferrals?

10. Nonqualified deferred compensation?

 

Add a footnote if this applies to your business

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Lancaster Accounting & Tax Service

4982 William Street Lancaster, New York 14086

716-717-0135

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