There will be several changes when filing your 2022 taxes. Some of the changes will increase your taxes due for 2022. If you received a refund last year, you may not receive one this year due to the following taxing updates: The child tax credit is $2,000. for a qualifying child. It was $3,600. in […]
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INVESTMENT OPPORTUNITY?? “I” BONDS
Did you know that you can invest up to $10,000. individually annually at the current rate of 9.65%? This rate has been established thru October 2022. The bonds have an annual rate consisting of a fixed rate and a semi-annual inflation rate. These funds are a low risk savings product that earn interest and are […]
NEW AND UPDATED TAX LAWS FOR 2021
Now is the time to review your tax situation for this year. Will you be able to take advantage of the updated laws to date and/or get more money for tax credits in 2021? UNDER NEW AND UPDATED TAX LAWS FOR 2021: A charitable contribution is available for those using the standard deduction up to […]
YES, THE SEASON HAS BEGUN
Ti’s the season for tax returns. Most of us have experienced unusual social conditions this past year. One thing has NOT changed. As of today our returns will be due April 15th THIS YEAR. This date may change since I am not aloud to e-file until February 2. The IRS is far behind in their […]