Introduction Let’s be honest, some of our financial past, may still be lurking around and making our financial present difficult. Whether the financial “downturn” was cause by external circumstances (a recession or work lay off) or internal situation (lack of good money management skills), the repercussions can result in you struggling to get back on your financial feet for months, even years. In addition, financial turmoil takes both...
Key filing season dates There are several important dates taxpayers should keep in mind for this year's filing season: April 18 National due date to file a 2022 tax return or request an extension and pay tax owed due to the Emancipation Day holiday in Washington, D.C. October 16 Due date to file for those requesting an extension on their 2022 tax returns. Let us help you make your money work as...
Key filing season dates There are several important dates taxpayers should keep in mind for this year's filing season: April 18 National due date to file a 2022 tax return or request an extension and pay tax owed due to the Emancipation Day holiday in Washington, D.C. October 16 Due date to file for those requesting an extension on their 2022 tax returns. Let us help you make your money work as...
Some tax credits return to 2019 levels. This means that taxpayers will likely receive a significantly smaller refund compared with the previous tax year. Changes include amounts for the Child Tax Credit (CTC), the Earned Income Tax Credit (EITC) and the Child and Dependent Care Credit will revert to pre-COVID levels. (Section "2022 Changes That May Affect Your Tax Refund) Let us help you make...
2021 and 2022 Premium Tax Credit Eligibility. For tax years 2021 and 2022, the American Rescue Plan of 2021 (ARPA) temporarily expanded eligibility for the premium tax credit by eliminating the rule that a taxpayer is not allowed a premium tax credit if his or her households income is above 400% of the Federal Poverty Line. Let us help you make your money work as hard for you, as you do for it. . Connect...
The tax year 2022 adjustments described below generally apply to tax returns filed in 2023. The personal exemption for tax year 2022 remains at 0, as it was for 2021, this elimination of the personal exemption was a provision in the Tax Cuts and Jobs Act. Let us help you make your money work as hard for you, as you do for it. . Connect with Me... Facebook - Email - YouTube . For speaking, group or...
The tax year 2022 adjustments described below generally apply to tax returns filed in 2023. For 2022, as in 2021, 2020, 2019 and 2018, there is no limitation on itemized deductions, as that limitation was eliminated by the Tax Cuts and Jobs Act. Let us help you make your money work as hard for you, as you do for it. . Connect with Me... Facebook - Email - YouTube . For speaking, group or personal...
Do you ever just get tired of your financial goals seeming so hard to achieve? I mean, you are putting effort in. You are doing what you think you are supposed to do. Working hard, but the needle is not moving, or not moving much. You feel like, no you believe, you should be much further along than you are right. Welcome to my world because that was exactly how I felt about my weight…LOL! Yes, I know this is a personal finance website, but...
Who Must File ...explains who must file an income tax return. If you have little or no gross income, reading this section will help you decide if you have to file a return. Who Should File ...helps you decide if you should file a return, even if you aren't required to do so. Let us help you make your money work as hard for you, as you do for it. . Connect with Me... Facebook - Email - YouTube . For speaking,...
Last, but not least, we have Priority-Based budgeting. It is similar to Value-Based budget, however, instead of using your personal values, expenses are ranked (most important to least important) and paid starting with the highest priority item first regardless of its cost. Using this budget your most important financial concerns (whether expense, debt, savings, or investment) are taken care of first. Let us help you make your...
