TEL: 252.674.1820
Spivey & Morton, CPA, PA

Individual & Business Taxation
We provide business and personal tax preparation to help you proactively manage your tax issues. Tax laws are complex and change on a regular basis. By assisting with tax preparation, we can help you present the most accurate financial information to government agencies.
Bookkeeping/Payroll
Preparation
Accurate record-keeping is essential to a successful business yet can also be complicated and time consuming. We can help you with the organization and day-to-day tasks of bookkeeping so that you can focus on your core business.

Quality, Trust, and
Expertise
We're dedicated to helping you with all of your
accounting needs.
Tax Tips
2024 Tax Brackets
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10% Up to $11,600 Up to $23,200 Up to $16,550
12% Over $11,600 Over $23,200 Over $16,550
22% Over $47,150 Over $94,300 Over $63,100
24% Over $100,525 Over $201,050 Over $100,500
32% Over $191,950 Over $383,900 Over $191,950
35% Over $243,725 Over $487,450 Over $243,700
37% Over $609,350 Over $731,200 Over $609,350
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Married Filing
Jointly
Head of
Household
IRA Contribution Limits for 2024
The maximum amount you can contribute to a traditional IRA for 2024 is $7,000 if you're younger than age 50. Workers age 50 and older can add an extra $1,000 per year as a "catch-up" contribution, bringing the maximum IRA contribution to $8,000.
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Simple IRA Contribution Limits for 2024
The annual contribution limit for SIMPLE IRAs is $16,000, up from $15,500 in 2023. Workers age 50 or older can make additional catch-up contributions of $3,500, for a total of $19,500.
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401K, 403B and most 457 plans - Contribution Limits for 2024
The contribution limit for employees who participate in 401(k), 403(b), most 457 plans, and the federal government's Thrift Savings Plan is increased to $23,000.
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2024 Standard Deductions
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$14,600 for Single/Married Filing Separate
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$21,900 for Head of Household
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$29,200 for Married Filing Jointly/Qualifying Widow(er)
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2024 Tax Year Deadlines​
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March 15th, 2025 - Partnerships and S-Corporations
April 15th, 2025 - Individual and C-Corporations
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September 15th, 2025 - Extended Partnerships and S-Corporations
October 15th, 2025 - Extended Individual and C-Corporations
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Single