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Personal Tax Preparation in Valley Stream, NY
Newburst Financial offers personal tax preparation in Valley Stream, NY, for individuals and families across New York, New Jersey, and Connecticut. We prepare and e-file your federal and state income tax returns, check for the deductions and credits you qualify for, and explain your return in plain language. Whether you have one W-2 or income from several states, owner Chavelt Saint Charles and our team make filing simple and clear. Call (888) 882-1582 to book your appointment.
What Is Personal Tax Preparation?
Personal tax preparation, also called individual income tax preparation, means hiring a paid tax preparer to complete and file your individual return. That covers your federal return (Form 1040) and any state returns you owe.
Your preparer gathers your income records, applies current tax rules, and finds the deductions and credits that fit your situation. You review and sign the return before it goes to the IRS and your state.
Personal Tax Services We Offer
Federal and State Income Tax Returns
We prepare individual federal returns along with New York, New Jersey, and Connecticut state returns. If you need more than one state return, we prepare them in the same appointment. The multi-state table below shows how that works.
E-Filing with Direct Deposit
We file your return electronically. The IRS recommends e-filing with direct deposit for the quickest refund, and you can follow its progress with the IRS Where’s My Refund tool. If you owe tax, we go over your payment options before you file.
Returns for Self-Employed and Gig Workers
Freelancers, rideshare drivers, delivery workers, and independent contractors report business income on Schedule C. If your net self-employment earnings reach $400 or more, you generally also owe self-employment tax on Schedule SE. We help you track deductible business expenses and set up quarterly estimated payments.
Rental and Investment Income
Rental income and expenses go on Schedule E, including depreciation on the building. For stocks and other investments you sold, we report the cost basis correctly so you are not taxed on more gain than you actually made.
Amended and Prior-Year Returns
If a filed return has an error or is missing a form, we prepare an amended return (Form 1040-X). To claim a refund, you generally must amend within three years of the date you filed, or within two years of the date you paid the tax, whichever is later. If you skipped filing for one or more years, we prepare those returns too.
ITIN Application Help
If you or a family member can’t get a Social Security number, you may need an Individual Taxpayer Identification Number (ITIN) to file. We help you complete Form W-7 and gather the identity documents that go with it. You can read more on the IRS ITIN information page.
IRS and State Letters
IRS and state tax letters usually explain a change to your return, ask for more information, or request payment. Each letter has a response deadline. We help you understand what is being asked, gather the right documents, and reply before that date.
Tax Planning for Next Year
After your return is filed, we review your withholding, estimated payments, and any life changes coming up, like a new job, marriage, a new baby, or buying a home. That way next year’s return has fewer surprises.
Multi-State Tax Filing in New York, New Jersey, and Connecticut
Living in one state and working in another is common in the tri-state area. In most cases, you file a return in each state, and your home state gives you a credit for tax paid to the other state so you are not taxed twice on the same income. Each state’s rules are published by the New York State Department of Taxation and Finance, the New Jersey Division of Taxation, and the Connecticut Department of Revenue Services.
| Your Situation | Returns You Usually File | How Double Taxation Is Avoided |
|---|---|---|
| Live in New Jersey, work in New York | NY nonresident return (IT-203) and NJ resident return (NJ-1040) | New Jersey credits tax paid to New York |
| Live in Connecticut, work in New York | NY nonresident return (IT-203) and CT resident return (CT-1040) | Connecticut credits tax paid to New York |
| Live in New York, work in New Jersey | NJ nonresident return (NJ-1040NR) and NY resident return (IT-201) | New York credits tax paid to New Jersey |
| Live in New York, work in Connecticut | CT nonresident return (CT-1040NR/PY) and NY resident return (IT-201) | New York credits tax paid to Connecticut |
| Live in New York City | NY resident return (IT-201), which includes NYC income tax | Not applicable. Commuters who live outside NYC do not pay the city tax |
| Moved to a new state during the year | Part-year resident return in each state | Each state taxes only the income tied to your time there |
Not sure which state returns you need? Call (888) 882-1582 and tell us where you lived and worked this year. We will confirm which returns to file before your appointment.
Working From Home for a New York Employer
New York has a “convenience of the employer” rule. If you work for a New York employer from home in New Jersey or Connecticut by choice, New York generally counts those days as New York workdays and taxes those wages. Days you work outside New York because your employer requires it are usually not taxed by New York. We check your work arrangement before deciding how to report your wages.
Federal Tax Changes for Tax Years 2025 Through 2029
A 2025 federal tax law added new deductions and raised some existing limits. These changes apply to the returns you file in 2026 and later.
| Change | What It Does | Limit | Phase-Out Begins | Tax Years |
|---|---|---|---|---|
| SALT deduction cap | Raises the itemized deduction limit for state and local income and property taxes | $40,000 for 2025 ($20,000 married filing separately), with small yearly increases | Income above $500,000 | 2025 through 2029 |
| Qualified tips deduction | Deducts tips earned in jobs where tipping is customary | Up to $25,000 | $150,000 single, $300,000 joint | 2025 through 2028 |
| Overtime deduction | Deducts the premium part of required overtime pay, meaning the extra “half” in time-and-a-half | $12,500 single, $25,000 joint | $150,000 single, $300,000 joint | 2025 through 2028 |
| Senior deduction | Adds an extra deduction for each person age 65 or older | $6,000 per person | $75,000 single, $150,000 joint | 2025 through 2028 |
| Car loan interest deduction | Deducts interest on a loan for a qualifying new vehicle assembled in the U.S. | Up to $10,000 | $100,000 single, $200,000 joint | 2025 through 2028 |
| Charitable deduction for non-itemizers | Lets you deduct cash donations without itemizing | $1,000 single, $2,000 joint | None | 2026 onward |
You can claim the tips, overtime, senior, and car loan deductions whether or not you itemize. The higher SALT cap matters most for homeowners in high property tax areas like Long Island, northern New Jersey, and Fairfield County, because it may make itemizing worth it again.
Tax Credits and Deductions We Review on Every Return
- Child Tax Credit and the credit for other dependents
- Earned Income Tax Credit, at the federal level and the state level in NY, NJ, and CT
- Child and dependent care credit
- American Opportunity and Lifetime Learning education credits
- Student loan interest deduction
- Traditional IRA contributions
Eligibility depends on your income, filing status, and household, so we confirm each one against your records.
Protecting Your Tax Information
Your tax return holds your Social Security number, income, and bank details, so protecting it matters. [Confirm with Chavelt: We store client documents securely, limit access to the staff preparing your return, and never sell your information.] Federal rules require paid tax preparers to keep a written plan for protecting client data.
You can add another layer of protection with an Identity Protection PIN (IP PIN) from the IRS. It is a six-digit number that helps stop anyone else from filing a tax return with your Social Security number. Anyone who can verify their identity with the IRS can request one.
What to Bring to Your Tax Appointment
- Photo ID, plus Social Security cards or ITINs for everyone on the return
- W-2s from every employer
- 1099 forms for freelance work, interest, dividends, retirement distributions, unemployment, or payment app income
- Form 1098 (mortgage interest), Form 1098-T (tuition), and Form 1095-A (health insurance marketplace coverage)
- Property tax bills, donation receipts, and childcare costs with the provider’s tax ID
- Business income and expense records if you are self-employed
- Last year’s tax return
- Bank account and routing numbers for direct deposit
- Any IRS or state letters you received
How Our Tax Preparation Process Works
- Book your appointment. Call (888) 882-1582 to pick a time.
- Share your documents. Bring them to our Valley Stream office or send them to us securely.
- We prepare your returns. We prepare your federal return and every state return you need.
- Review and sign. We walk you through the numbers and answer your questions before filing.
- We e-file. We submit your returns and help you track your refund or set up a payment.
Key Tax Deadlines for the 2027 Filing Season
| Date | What Is Due |
|---|---|
| January 15, 2027 | Fourth-quarter 2026 estimated tax payment |
| April 15, 2027 | 2026 federal, NY, NJ, and CT individual returns, plus any tax owed. Also the first-quarter 2027 estimated payment and the last day to request an extension |
| June 15, 2027 | Second-quarter 2027 estimated tax payment |
| September 15, 2027 | Third-quarter 2027 estimated tax payment |
| October 15, 2027 | Extended 2026 returns due |
An extension (Form 4868) gives you more time to file, not more time to pay. Any tax you owe is still due April 15.
Why Choose Newburst Financial as Your Tax Preparer in Valley Stream
- Every state return in one appointment: We prepare New York, New Jersey, and Connecticut returns side by side, so the credits between states line up.
- Owner-led service: Chavelt Saint Charles, owner of Newburst Financial, works directly with clients.
- Taxes and insurance in one office: We also offer insurance, so you can review your home or auto coverage in the same visit.
- Help after filing season: We answer questions and help with IRS letters throughout the year.
Personal Tax Preparation Across New York, New Jersey, and Connecticut
Our office is in Valley Stream, NY (ZIP codes 11580 and 11581). We prepare returns for clients across the tri-state area.
New York
Nassau County: Valley Stream, Elmont, Franklin Square, Lynbrook, Malverne, West Hempstead, Hempstead, Rockville Centre, Oceanside, Baldwin, Freeport, Merrick, Garden City, Lawrence, Inwood, Cedarhurst, Woodmere, and Hewlett.
Suffolk County: Babylon, Lindenhurst, Huntington, Islip, Bay Shore, and Smithtown.
Queens: Rosedale, Laurelton, Springfield Gardens, and Cambria Heights.
New Jersey
Bergen County: Hackensack, Fort Lee, Englewood, Paramus, and Teaneck.
Hudson County: Jersey City, Hoboken, Union City, and Bayonne.
Essex County: Newark, Montclair, East Orange, and Livingston.
Union County: Elizabeth, Union, Linden, and Westfield.
Connecticut
Fairfield County: Stamford, Greenwich, Norwalk, Bridgeport, and Danbury.
New Haven County: New Haven, Milford, and Hamden.
Hartford County: Hartford, West Hartford, and Glastonbury.
If your town is not listed, call (888) 882-1582 and we will confirm whether we can prepare your return.
Personal Tax Preparation at a Glance
| Detail | Information |
|---|---|
| Service | Individual federal and state income tax return preparation and e-filing |
| States covered | New York, New Jersey, and Connecticut |
| Office | 135 E. Merrick Road, Valley Stream, NY 11580 |
| Who it’s for | W-2 employees, self-employed and gig workers, retirees, landlords, multi-state commuters, and ITIN filers |
| Also included | Amended and prior-year returns, help with IRS and state letters, next-year tax planning |
| 2026 returns due | April 15, 2027, or October 15, 2027 with an extension |
| How to start | Call (888) 882-1582 |
What We Offer
Insurance & Tax Services
Insurance & Tax Services
Under One Roof
From insurance to tax services, Newburst Financial has you covered. Proudly serving New York, New Jersey and Connecticut
"I have rental properties in Nassau County and Newburst handles my landlord insurance AND my Schedule E tax filing. Having one team that understands both the insurance and the tax side has saved me time and money every year."
"I was nervous about my ITIN tax situation and they made the whole process clear and stress-free. They helped me get my ITIN renewed and filed my taxes the same appointment. Se habla español is a huge plus for our community in Hempstead."
"Best decision I made for my restaurant. They handle my bookkeeping, payroll, and business taxes all in one place. I used to scramble every April — now everything is organized year-round. I recommend Newburst to every small business owner I know."
"They saved me over $800 on my home and auto insurance bundle by shopping 20+ carriers. The whole process took one call. I've already referred four of my neighbors in Elmont. Professional, fast, and genuinely looking out for you."
"Newburst Financial has handled my family's taxes and auto insurance for three years. The bilingual service made everything easy for my parents who speak Spanish. We never feel rushed and they always find deductions our previous preparer missed."
Find answers to common questions about personal tax preparation service
FAQs on Personal Tax Preparation Services
How much does personal tax preparation cost?
The cost depends on how complex your return is. A return with one W-2 costs less than one with self-employment income, rental property, or more than one state. Ask for a fee estimate when you book.
Who is the best tax preparer near Valley Stream, NY?
The right preparer depends on your needs. Look for a valid IRS Preparer Tax Identification Number (PTIN), fees explained up front, and experience with returns like yours. Newburst Financial prepares personal returns across New York, New Jersey, and Connecticut, including multi-state returns.
How long does it take to get a tax refund?
The IRS says most e-filed returns with direct deposit are processed in under 21 days. Some take longer, especially returns that claim certain credits or need extra review. State refund timing varies. No preparer can guarantee a refund amount or date.
Should I itemize or take the standard deduction?
Itemize only when your itemized deductions add up to more than your standard deduction. With the SALT cap now higher, homeowners who pay high property and state income taxes are more likely to benefit from itemizing. We compare both options on your return.
Do I have to report income from side jobs or payment apps?
Yes. Income from side work, freelance jobs, and sales made for a profit is taxable even if you never receive a 1099. Money friends or family send you to split a bill or as a gift is generally not income.
Can I work with you if I live in New Jersey or Connecticut?
Yes. Clients outside Long Island can send documents securely and review their return with us by phone.