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 […]
LOCAL NON-PROFITS
As we enter the last quarter of 2022 don’t forget our local non-profits. COVID presented non-profits with a host of challenges that they are readily addressing through problem solving. Their mission statements see a need and they are trying to meet these needs They are our communities’ problem solvers of TODAY. Operating a non-profit has […]
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 […]
YEAR 2021 TAX UPDATE INFORMATION
WHAT A YEAR!!! Hopefully, you have been able to enjoy some parts and you and your loved ones have been healthy and safe. There are a few issues that I wanted to alert you on as the year comes to an end. For those who received Advanced Child Tax Credit payments in 2021 the amounts […]