{"id":2211,"date":"2012-02-05T16:05:21","date_gmt":"2012-02-05T16:05:21","guid":{"rendered":"http:\/\/waddytax.com\/beta\/?page_id=8"},"modified":"2022-07-18T12:50:54","modified_gmt":"2022-07-18T12:50:54","slug":"tax-faqs","status":"publish","type":"page","link":"https:\/\/www.waddytax.com\/dcaa\/tax-faqs\/","title":{"rendered":"Tax FAQs"},"content":{"rendered":"

<\/i><\/i><\/span>1. How long will my tax appointment last?<\/span><\/a><\/h4><\/div>
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For your first visit, we ask that you allow 1 to 1.5 hours. We will review your income and ask many questions about your personal situation, so we can claim all of the relevant deductions for you. We also encourage you to bring a list of any questions that you may have.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>2. How much does it cost?<\/span><\/a><\/h4><\/div>
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The fees associated with preparing your tax return can vary widely based on the tax forms needed and the time required to review and decipher your records. Having your records neatly organized leads to a reduced cost for you.We are not able to give you an exact price for your tax return until we complete the return; however, we can typically provide a range based on your situation before we start.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>3. What should I bring to the tax appointment?<\/span><\/a><\/h4><\/div>
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Bring\u00a0this packet<\/a>\u00a0with you and all supporting documents, including W-2 and 1099 statements. Certain lines on the organizer we provide may not apply to you, so simply leave them blank.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>4. How many exemptions should I claim on my W4?<\/span><\/a><\/h4><\/div>
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Exemptions are no longer calculated at with the Federal government. Use the IRS withholding<\/a> calculator to determine how to complete your W4.<\/p>\n<\/div><\/div><\/div>

<\/i><\/i><\/span>5. Who can I claim as a dependent?<\/span><\/a><\/h4><\/div>
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You may claim an exemption on your tax return for each one of your dependents. Qualifying dependents can include your child, stepchild, foster child, sibling or step-sibling, or any of their children, such as your grandchild for example. In order to qualify for an exemption, the dependent must be under 19 or be a full-time student under age 24. The dependent must live with you for at least six months a year and may not provide more than half of his or her own support.<\/p>\n

You may also claim other relatives and full-time members of your household as dependents:<\/p>\n