Elite Tax Notary Accounting Services

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Elite Tax Notary Accounting Services We provide an array of services including tax, notary, and accounting for individuals and businesses in Lake, Marion, and Sumter Counties.

Tax Professionals in Summerfield, The Villages, and Wildwood, Florida

At Elite Tax Notary Accounting Services, we believe in the value of relationships and view every client relationship as a partnership. We truly believe that our success is a result of your success and are committed to providing personalized attention to those we are fortunate enough to work with. We take pride in giving you the assurance that the assistance you receive from us comes from years of advanced training, technical expertise, and casework experience. Indicative of our commitment to excellence, we continually invest our time and resources into professional continuing education, state-of-the-art software, and relationship building within the community. Thank you for visiting our page and please don't hesitate to contact us!

09/19/2026

A married couple where both spouses are 65 or older can subtract $47,500 from their income on a 2026 return before a single dollar gets taxed.

That number is not one deduction. It is three, stacked.

The base standard deduction on a joint return in 2026 is $32,200. On top of it sits the extra standard deduction for age, $1,650 per spouse who is 65 or older, so $3,300 for the couple. Then comes the senior bonus deduction created by the 2025 tax law, worth $6,000 per person 65 or older, so $12,000 for the couple. Add the three: $47,500.

A single filer who is 65 or older gets the same three pieces at smaller numbers. $16,100 plus $2,050 plus $6,000 is $24,150.

A joint return where only one spouse has hit 65 lands at $39,850.

Here is the part nobody talks about. The third piece, the $6,000 bonus, is the only one with an income test, and it phases out quickly. Every dollar of modified adjusted gross income above $75,000 single or $150,000 joint cuts it by 6 cents. At $175,000 single or $250,000 joint it is gone. The first two rows have no income limit at all.

The bonus also behaves differently in one useful way. The standard deduction disappears the moment a return itemizes. The $6,000 bonus does not. A retiree with heavy medical bills or a big charitable year can itemize and still take it.

Two traps sit underneath all of this.

Filing separately kills the bonus. For a married couple it exists only on a joint return.

And none of these deductions lower modified adjusted gross income. That is the number that sets Medicare IRMAA surcharges and decides how much of Social Security gets taxed. A bigger deduction can cut the tax bill and leave the Medicare premium exactly where it was.

The honest other side: the bonus is temporary. It is scheduled to expire after tax year 2028 unless Congress extends it. The other two rows are permanent, but the age add-on is the smallest of the three at $1,650 per spouse.

Turning 65 is worth $7,650 a year on a joint return. A lot of people find out about it a year late.

Source: IRS Rev. Proc. 2025-32 for the 2026 inflation adjustments, and the 2025 tax law that created the senior deduction. Figures current as of September 2026.

Educational information only, not financial, tax, legal, or investment advice. Your own numbers will differ, so confirm them with a licensed tax professional.

09/15/2026

If you need to make estimated tax payments, head to the online tax account today. You can make a same-day payment or schedule payments up to 365 days in advance from your bank account. Visit: www.irs.gov/Account

Politicians in Florida and other states are publicy discussing revamps to property tax rules. Could be an issue to keep ...
03/17/2026

Politicians in Florida and other states are publicy discussing revamps to property tax rules. Could be an issue to keep an eye on.

Anti-tax advocates are pushing to eliminate property taxes for homeowners. Rising property values have increased tax bills, but ending these taxes could cost states billions.

03/13/2026

Stop by our office and say hi. Still on County Road 466A.

Each tax change in the One Big Beautiful Bill has its own timeline, from activation to expiration. This list contains th...
02/05/2026

Each tax change in the One Big Beautiful Bill has its own timeline, from activation to expiration. This list contains the dates and has dropdown information for each change.

An overview of when the cuts to basic needs programs such as Medicaid, Medicare, SNAP, and student loans and other provisions in the Republicans’ OBBBA go into effect.

Tax season is here. We are ready and available to help with all of your bookkeeping and tax needs. Including tax plannin...
01/02/2026

Tax season is here. We are ready and available to help with all of your bookkeeping and tax needs. Including tax planning. Please call, text, or email for an appointment.

Broad details on Trump accounts outlined by the IRS this week. Could be a big new way of saving.
12/05/2025

Broad details on Trump accounts outlined by the IRS this week. Could be a big new way of saving.

The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 contribution to a Trump account.

11/26/2025

Happy Thanksgiving. We hope everyone has a wonderful day.

Address

4807 CR 466a
The Villages, FL
34785

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 4pm
Saturday 11am - 3pm
Sunday 11am - 3pm

Telephone

+13523969535

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