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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

December 13, 2024 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024...
Tax Scams–Don’t Believe Everything You Hear. . .

Scams: Fake Charities. To verify Charity legitimacy or tax donation deductibility, check the IRS Charity Database at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search Fake IRS bills/telephone calls. a. IRS contacts by MAIL. To check IRS bill legitimacy, log on to your IRS account or call their office (800-829-1040). IRS does not call and threaten people. Hang up! b. Ohio Taxation … Tax Scams–Don’t Believe Everything You Hear. . .

December 13, 2024 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024...
But I Can’t Afford a Tax Preparer . . .

If Can’t Afford a Tax Preparer, Check With: Your bank (some offer free tax preparation). Local college (Accounting majors need experience!) IRS Volunteer Income Tax Assistance (VITA) or Tax Assistance for Elderly (TCE) preparation sites 888-227-7669.or https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers info only available during tax season =January Through April 2025. IRS Free File Program. If qualify will receive … But I Can’t Afford a Tax Preparer . . .

December 30, 2022 | 1099 Series Rules, 2022 tax year, 2023 tax year, Form 1040, IRS...
Tax newsletter update–1099K rules

Early Christmas gift. . . On December 23, 2022 the IRS decided to delay implementation of the 1099K reporting for tax year 2022. Translation: The American Rescue Act (2021) required E commerce platforms (e.g. Ebay, Mercari, Amazon) to provide a 1099K form to sellers receiving more than $600 through the platform website. The … Tax newsletter update–1099K rules

December 30, 2022 | 2022 tax year, 2023 tax year, IRS, Itemized Deductions (Schedule A), Mileage...
Facts and Figures

From the Christmas Tax Newsletter, published December 14, 2022: FACTS & FIGURES, TBA=To be announced Tax Year 2022 2023 Social Security COLA 5.9% 8.7% Part B premium- income < $85,000 170.10 164.90 Early, … Facts and Figures

September 28, 2022 | 2022 tax year, Doors, Energy Star, Form 1040, Legislation...
Energy Jolts, Inflation Bolts, Tax Hikes and Pending Legislation

Energy Jolts. Energy Credit is back. Effective for 2022 –2032 tax years. Part of Inflation Reduction Act of 2022. Requires product availability and affordability. Credit is 30% of purchase price for energy star certified windows, exterior doors, insulation, water heater, biomass stoves, furnace or boiler installed during the year. No credit for Energy Star roof … Energy Jolts, Inflation Bolts, Tax Hikes and Pending Legislation

August 22, 2022 | 2022 tax year, Doors, Energy Star, Form 1040, IRS...
What’s in the Inflation Reduction Act of 2022?

This is the repackaged “Build Back Better Junior”, passed August 16, 2022 and WON’T reduce inflation. It’s smoke and mirrors. Little/short lived savings. Lot of Government spending and power grabs. If have time, the full text download is available here. It’s light reading– only 273 pages (Sarcasm). Summary of major provisions. Medical: Obamacare: Extends Medical … What’s in the Inflation Reduction Act of 2022?

June 15, 2022 | 2022 tax year, Form 1040, IRS, Medical Expense, Mileage...
Midyear Mileage Rate Increase

Oustide gas station at night. trick parked by one of the pumps

Midyear Mileage Rate Increase The pain of the gas pump has gotten so bad that the IRS wants to help with a midyear mileage rate increase (Yes its only 4 cents . . .). Translation: larger tax deduction for business and medical mileage. Midyear mileage rate changes are rare. . . New IRS Mileage rate … Midyear Mileage Rate Increase

May 21, 2022 | 2022 tax year, Legislation, Legislative Update...
Legislative Update-Codifying Roe

The bill that would make Roe vs Wade into Federal law did not pass the Senate. . . bill is dead for now. . . let’s us continue to Think, Speak and Act . . . (John Adams) Thanks for your Prayers and Contacts. . .

May 11, 2022 | 2022 tax year, Editorial, Form 1040, IRS, Legislation...
Tax Season and Congressional Legislative Update

Yesslow 4 way stoplight hanging in midair. Red light is illuminated

No new tax legislation seen yet. . . After tax season housekeeping: Refunds: Running 3-4 weeks. To check the status of your Electronically filed tax return/refund: Phone : 1-800-829-1040 or (call early in morning) Online: www.irs.gov/refund IRS will NOT release refund information to tax preparer. Ohio refund may come before Federal or IRS refund. … Tax Season and Congressional Legislative Update

January 22, 2022 | 2022 tax year, Doors, Energy Credit, Energy Star, IRS...
2022 Tax Year: (as of Jan 2022) Pearls and Pains

Woman in ivory elizabethan gown wearing 3 pearl necklaces. her Hand is underneath the necklaces holding them away from her neck

Since the Build Back Better Act is stuck in the Senate 2022 tax year has a few changes (unless Congress intervenes) there will be: No Stimulus payments No Advanced Child Tax Credit Payments. Child Tax Credit reverts to $2,000 per child under age 17 Lower Earned Income Tax Credit No charitable Deduction on … 2022 Tax Year: (as of Jan 2022) Pearls and Pains

Welcome

My Tax Blog

December 13, 2024 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024... Tax Scams–Don’t Believe Everything You Hear. . .

December 13, 2024 | 2020 Tax Year, 2021 Tax Season, 2022 tax year, 2023 tax year, 2024... But I Can’t Afford a Tax Preparer . . .

December 30, 2022 | 1099 Series Rules, 2022 tax year, 2023 tax year, Form 1040, IRS... Tax newsletter update–1099K rules

December 30, 2022 | 2022 tax year, 2023 tax year, IRS, Itemized Deductions (Schedule A), Mileage... Facts and Figures

September 28, 2022 | 2022 tax year, Doors, Energy Star, Form 1040, Legislation... Energy Jolts, Inflation Bolts, Tax Hikes and Pending Legislation

August 22, 2022 | 2022 tax year, Doors, Energy Star, Form 1040, IRS... What’s in the Inflation Reduction Act of 2022?

June 15, 2022 | 2022 tax year, Form 1040, IRS, Medical Expense, Mileage... Midyear Mileage Rate Increase

May 21, 2022 | 2022 tax year, Legislation, Legislative Update... Legislative Update-Codifying Roe

May 11, 2022 | 2022 tax year, Editorial, Form 1040, IRS, Legislation... Tax Season and Congressional Legislative Update

January 22, 2022 | 2022 tax year, Doors, Energy Credit, Energy Star, IRS... 2022 Tax Year: (as of Jan 2022) Pearls and Pains

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