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  • | Monotelo Advisors

    Select a date and time for your meeting.

  • | Monotelo Advisors

    Get the Latest News to Your Inbox Subscribe to our newsletter to receive news and updates. Enter your email here Sign Up Thanks for submitting! Stay up to date with the latest tax information, and market analysis. Subscribe to receive our weekly market and tax analysis. Close

  • | Monotelo Advisors

    You can drop off here Create an account to upload your docs, track your return, and more. I already have an account I already have an account Drop-off Details Get Directions St Charles Office 630-377-1040 Mon-Fri: By Appointment Your drop-off location Don't know what tax doc's to bring? check out our tax season checklist to make sure you don't forget anything Tax Season Checklist

  • | Monotelo Advisors

    Filing Status Your filing status determines the deductions and credits you qualify for and how much tax you pay on your income. Depending on your situation, you may qualify for more than one filing status, in which case you can choose the one more beneficial to you. These are the five filing statuses: ​ Single. This is the normal filing status for taxpayers who are not married or who are legally separated Married Filing Jointly. Taxpayers who are married can file a joint tax return, reporting all of their income and expenses together. Married Filing Separately. Taxpayers who are married can instead choose to file separate tax returns, each reporting their own income and expenses. It is generally better to file a joint return to keep taxes low, but in rare circumstances it can be more beneficial to file separate. Head of Household . Taxpayers who are unmarried and provide more than half the cost of maintaining a home for themselves and at least one other qualifying person can file head of household. This filing status provides larger deductions and lower tax rates than filing single making it the best option for taxpayers who qualify. Qualifying Widow(er) with Dependent Child. Taxpayers whose spouse died within the last 2 years can choose this filing status if they have a dependent child. This status allows them to claim the same deductions and tax rates as if they were filing a joint tax return. ​ Your filing status for any given year is determined by your marital status on the last day of the year. A couple who get married December 31st can file a joint return for that year even though they were unmarried for the majority of the year. This rule does not apply in the death of a spouse. When a spouse dies the surviving spouse can file a joint tax return for the year of death.

  • | Monotelo Advisors

    What kind of meeting do you want to schedule? Tax preperation meeting Retirement planning Wealth managment Small business services

  • | Monotelo Advisors

    Select a date and time for your meeting.

  • | Monotelo Advisors

    Get the Latest News to Your Inbox Enter your information below to get your holiday to-do list! Enter your email here First Name Last Name Sign Up Thanks for submitting!

  • | Monotelo Advisors

    FILING FROM HOME In light of the current health concerns due to Covid-19, we are strongly encouraging our clients to take advantage of the options we have in place to prepare your tax return without the need to leave your home. ​ To get started you can send us your tax documents using one of the methods below: Safely Upload Your Documents Directly to Our Server Access Your Individual Client Portal Mail Your Documents to Us at: 2250 Point Boulevard, Suite 230 Elgin, IL 60123 After you send us your documents you can schedule a phone or web-based meeting by calling our office or by visiting our Schedule Meeting page

  • | Monotelo Advisors

    Schedule a meeting. How do you want to schedule your meeting? Get started over the phone, or Zoom Virtual Get one-on-one personalized help One-on-one meeting

  • | Monotelo Advisors

    You can drop off here Create an account to upload your docs, track your return, and more. I already have an account I already have an account Drop-off Details Get Directions Gillespie Office 217-854-9530 Mon-Fri: 7 :00am - 3 :00pm Your drop-off location Don't know what tax doc's to bring? check out our tax season checklist to make sure you don't forget anything Tax Season Checklist

  • | Monotelo Advisors

    Select a date and time for your meeting.

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