Hanford Bookkeeping
Bookkeeping, Payroll & Tax Preparation
Working with our clients,
not just for them.
Our Mission
Contact Us:

559-582-2862

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NEWS & TAX RATES
Tax Scams/Consumer Alerts

If it sounds too good to be true, it probably is!
In recent years, thousands of people have lost millions of dollars and their personal information to tax scams and fake IRS
communication.

REMEMBER: The IRS doesn't initiate contact with taxpayers by phone calls, email, text messages or social media channels to
request personal or financial information.  In addition, IRS does not threaten taxpayers with lawsuits, imprisonment or other
enforcement action.  Being able to recognize these tell-tale signs of a phishing or tax scam could save you from becoming a victim.
The American Legion National Commander receives a $0.00 zero salary.
The Veterans of Foreign Wars National Commander receives a $0.00 zero salary.
The Disabled American Veterans National Commander receives a $0.00 zero salary.
The Military Order of Purple Hearts National Commander receives a $0.00 zero salary.
The Vietnam Veterans Association National Commander receives a $0.00 zero salary.

These organizations with no salaries have donations going to help Veterans and their families and youth.
THINK BEFORE YOU DONATE:

Here are the 'good guys' or choose to donate to a local shelter.
HANFORD BOOKKEEPING & TAX SERVICE

211 W IVY ST
HANFORD, CA 93230
559-582-2862
The Tax Cuts and Jobs Act went into affect in 2018 and with it some major changes to the way
individuals and businesses file their taxes.

The most noticeable change is the doubling of the standard deduction and loss of personal
exemption and the tax rate change. But, there's more to consider. Here is chart from Athena
Finanical of the comparison's of the
Old & New Laws.
2020 TAX RATES

Find your federal marginal income tax rate for the 2020 tax year.

Rate        For Single Individuals        For Married Individuals Filing Joint Returns        For Heads of Households
10%        Up to $9,875                                  Up to $19,750                                                  Up to $14,100
12%        $9,876 to $40,125                         $19,751 to $80,250                                          $14,101 to $53,700
22%        $40,126 to $85,525                       $80,251 to $171,050                                        $53,701 to $85,500
24%        $85,526 to $163,300                     $171,051 to $326,600                                      $85,501 to $163,300
32%        $163,301 to $207,350                   $326,601 to $414,700                                      $163,301 to $207,350
35%        $207,351 to $518,400                   $414,701 to $622,050                                      $207,351 to $518,400
37%        $518,401 or more                          $622,051 or more                                             $518,401 or more
Source: Internal Revenue Service
Filing Status                    Deduction Amount
Single                                 $12,400
Married Filing Jointly        $24,800
Head of Household           $18,650


2020 DEDUCTION AMOUNTS