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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 | 2024, 2025 Taxes, Form 1040, Itemized Deductions (Schedule A), Medical Expense...
2024 Simplified Methods to Save on Federal and Ohio Taxes

Federal Tax Savings: It’s pay to play now. Spend or set aside money for tax savings: Increase 401K/IRA contributions. Additional contribution allowed if over age 50. Increase Health Savings account contributions. No employer option? Set up your own fee free account at bank or brokerage. Contributions are tax deductible. Have almost enough to itemize? Prepay … 2024 Simplified Methods to Save on Federal and Ohio Taxes

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

December 30, 2021 | 2021 Tax Season, Form 1040, IRS, Itemized Deductions (Schedule A), Medical Expense...
Year End Tax Savings. . . for 2021

Man & woman setting at desk with papwers. Man is covering face with hand head lowered. Woman is covering her mouth with her hand

The year is over tomorrow and taxes were back burnered. . . (no pressure). What to do, don’t want to owe . . . As requested. . . For individuals: Pay outstanding medical bills. Keep track of total medical paid (doctor, hospital, labs, prescriptions, medical mileage, medical insurance paid out of pocket etc) for … Year End Tax Savings. . . for 2021

December 9, 2021 | 2021 Tax Season, 2022 tax year, Form 1040, IRS, Itemized Deductions (Schedule A)...
Facts & Figures 2021 Tax year & Some For Tax Year 2022

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Build Back Back Better (“BBB”) is still being negotiated So here is something a little more concrete: The numbers and limits for 2021 tax season: FACTS & FIGURES, TBA=To be announced Tax Year 2021 2022 Social Security COLA 1.3% 5.9% Part B premium- income < $85,000 … Facts & Figures 2021 Tax year & Some For Tax Year 2022

October 7, 2020 | Form 1040, Health Savings Acct (HSA), Itemized Deductions (Schedule A), Medical Expense, Medical Insurance...
Medical Expense Tax Deduction When Don’t Have Enough to Itemize

In certain circumstances, medical expenses can be deducted on the tax return without itemizing. To see if that option is a good fit for you, some questions: Do you have medical insurance coverage through work or through a family medical insurance plan? Is the medical insurance plan deductible (out of pocket) more than $1,400 for … Medical Expense Tax Deduction When Don’t Have Enough to Itemize

July 19, 2019 | Form 1040, IRS, Itemized Deductions (Schedule A), Legislation, Medical Expense...
IRS Loves Seniors—Form 1040SR

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Are you over age 65? Congress and the IRS are thinking of you . . . They’re developing a new Tax Form just for you for 2019 Tax year. It’s called Form 1040SR. It is styled much like the discontinued Form 1040EZ. The differences: It’s 2 pages It’s for Seniors age 65 and older No … IRS Loves Seniors—Form 1040SR

May 29, 2019 | Form 1040, Health Savings Acct (HSA), IRS, Itemized Deductions (Schedule A), Medical Expense...
Saving $ on Health Insurance?

Health Insurance costs are rising. One way to reduce health insurance premiums is to enroll in a high deductible health insurance plan and to pair that plan with a (tax deductible) Health Savings Account. For 2019 A high deductible health insurance plan has deductible of at least $1,400 (for individual coverage) or $2,750 (for family … Saving $ on Health Insurance?

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My Tax Blog

December 13, 2024 | 2024, 2025 Taxes, Form 1040, Itemized Deductions (Schedule A), Medical Expense... 2024 Simplified Methods to Save on Federal and Ohio Taxes

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

December 30, 2021 | 2021 Tax Season, Form 1040, IRS, Itemized Deductions (Schedule A), Medical Expense... Year End Tax Savings. . . for 2021

December 9, 2021 | 2021 Tax Season, 2022 tax year, Form 1040, IRS, Itemized Deductions (Schedule A)... Facts & Figures 2021 Tax year & Some For Tax Year 2022

October 7, 2020 | Form 1040, Health Savings Acct (HSA), Itemized Deductions (Schedule A), Medical Expense, Medical Insurance... Medical Expense Tax Deduction When Don’t Have Enough to Itemize

July 19, 2019 | Form 1040, IRS, Itemized Deductions (Schedule A), Legislation, Medical Expense... IRS Loves Seniors—Form 1040SR

May 29, 2019 | Form 1040, Health Savings Acct (HSA), IRS, Itemized Deductions (Schedule A), Medical Expense... Saving $ on Health Insurance?