MEA Credit Repair and Tax Service

Let us help you with all your credit repair needs and tax preparations this year!! Credit Repair:  December 2018: Startup $30.00      $69.99 Monthly January 2019:    Startup $40.00      $89.99 Monthly  Tax Services: Starting at $199.99. We are also offering up to $6000 advances for all qualifing clients.   Referral Program in full effect this year. $20.00 for every qualifying candidate you refer. They must provide me with your name and phone number in order to receive the referral $$$$$.    

What Is Credit? The concept of credit is nothing new and one that most people have used is some form or another. So, what exactly is credit? Credit is receiving something of value now with the promise to pay for it later. Here’s an example. As a kid, suppose you were in a store and saw something really great that you wanted - a shirt, new shoes, candy - but you didn’t have enough money to buy it. So, what did you do? You begged your parents to buy it and take the money from your next allowance. That’s credit! Or, while at a restaurant you realize you forgot your wallet. Your friend pays for your meal and you pay her back when you find your wallet. That’s credit, too! If you pay back these friendly loans, you build trust with your parents, friends, or whomever else lends you money. This trust helps to build your reputation and increase your chances of borrowing more in the future. This is the same concept that financial institutions, such as banks, use

Common errors in credit reports Certain errors are more likely to pop up in credit reports. The Consumer Financial Protection Bureau warns consumers to look for: Errors made in your personal information, including reports that list your name incorrectly or contain an incorrect address or phone number. Closed credit card accounts that are still listed as open. Credit card or installment loan payments reported as late, even if you paid them on time. Debt that is listed on your report more than once, possibly with different names for each listing. Reports might say you owe more on your credit cards than you actually do. Reports might list credit limits on your accounts that are too low. If you spot any of these errors, make sure to correct them. All of them could impact your credit score.

Old Rule The current child tax credit is $1,000 per child under the age of 17. The credit is reduced by $50 for each $1,000 a taxpayer earns over certain thresholds. The phase-out thresholds start at a modified adjusted gross income (AGI) over $75,000 for single individuals and heads of household, $110,000 for married couples filing jointly and $55,000 for married couples filing separately.   NEW RULE The child tax credit doubles to $2,000 per qualifying child. Up to $1,400 of the child tax credit can be received as refundable credit (meaning it can go toward a tax refund). The new rule also includes a $500 nonrefundable credit per dependent other than a qualifying child. The credit begins to phase out at an AGI over $200,000 — for married couples, the phase-out starts at an AGI over $400,000. This rule is in effect through 2025.

 We are also offering up to $6000 advances starting January 1, 2019 on Tax Service. YOU MUST HAVE YOUR W-2 in orders to qualify.    Are you ready for a good special? MEA Credit and Tax Service is offering $30.00 startup fee and $69.99 monthly on credit repair !!!!

Increased standard deduction: The new tax law nearly doubles the standard deduction amount. Single taxpayers will see their standard deductions jump from $6,350 for 2017 taxes to $12,000 for 2018 taxes (the ones you file in 2019). Married couples filing jointly see an increase from $12,700 to $24,000. These increases mean that fewer people will have to itemize. Today, roughly 30% of taxpayers itemize. Under the new law, this percentage is expected to decrease. Increased Child Tax Credit: For, families with children the Child Tax Credit is doubled from $1,000 per child to $2,000. In addition, the amount that is refundable grows from $1,100 to $1,400. The bill also adds a new, non-refundable credit of $500 for dependents other than children. Finally, it raises the income threshold at which these benefits phase out from $110,000 for a married couple to $400,000.