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How Do Trump Accounts Work For Los Angeles Kids?

How Do Trump Accounts Work For Los Angeles Kids?

by Pronto Income Tax Team | Feb 19, 2026

 Key TakeawaysTrump Accounts are long-term, tax-deferred savings accounts designed specifically for children Parents or guardians manage the account until the child turns 18, after which the child takes over Certain children (especially those born...
Answers for Los Angeles Filers: Are People Getting Bigger Tax Refunds This Year?

Answers for Los Angeles Filers: Are People Getting Bigger Tax Refunds This Year?

by Pronto Income Tax Team | Feb 12, 2026

 Key TakeawaysYes, many filers may see larger refunds (potentially $300 to $1,000 more) based on current estimates The increase is largely tied to new tax cuts under the One Big Beautiful Bill Act (OBBBA) and outdated withholding during 2025 Whether a...
Los Angeles Taxpayer Rights: Can the IRS Look At Your Bank Account?

Los Angeles Taxpayer Rights: Can the IRS Look At Your Bank Account?

by Pronto Income Tax Team | Feb 6, 2026

 Key TakeawaysThe IRS does not automatically see your bank transactions or daily spending To get bank records, they must show a legitimate, documented tax purpose and follow notice rules You usually get a 45-day warning before the IRS contacts your...
What Do I Need To File My Taxes This Year With My Los Angeles Tax Pro?

What Do I Need To File My Taxes This Year With My Los Angeles Tax Pro?

by Pronto Income Tax Team | Feb 4, 2026

Key TakeawaysBring valid government photo IDs and Social Security cards (or ITINs) for every person listed on your return to verify identities and prevent fraud. Collect all W-2s and 1099s, including the new Form 1099-DA for any digital asset or cryptocurrency...
Which Tax Credits Do I Qualify For? A Guide For Los Angeles Taxpayers

Which Tax Credits Do I Qualify For? A Guide For Los Angeles Taxpayers

by Pronto Income Tax Team | Jan 28, 2026

Key TakeawaysThe Child Tax Credit is up to $2,200 per child, with up to $1,700 available as a refundable payment even if you owe no taxes. Adoptive parents can now claim a credit of up to $17,280, with up to $5,000 of that amount now fully refundable. If you...
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