Dec 17, 2022 | tax deduction, taxable income, taxes, Uncategorized
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...
Jun 7, 2022 | financial planning, tax deduction, taxable income, taxes
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...
Sep 8, 2021 | taxable income, taxes
The development of Bitcoin and numerous other cryptocurrencies within the last ten years has changed the definition of money through-out the world. This currency is still a NEW way of investing for most of us. Advocates of these currencies are hoping they will become...
Jan 25, 2021 | charities, donations, tax deduction, taxable income, taxes
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...
Apr 14, 2020 | financial planning, taxable income
I have reviewed the act and am listing a few of the features that may be of interest. The stimulus checks will be considered REBATES. The rebates will not be included in your 2020 Gross Income. The checks will be provided to individuals with 2019 adjusted gross...
Jul 10, 2018 | charities, financial planning, tax deduction, taxable income, taxes
Now that the 2017 tax season and filings (not those on extensions)are behind us it is time to be concerned about THIS year and what the changes really mean to you and your family. The first big question/questions this year are “What Can I Still Deduct” and...
