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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

September 28, 2022 | 2022
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
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?

May 21, 2022 | 2022
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 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
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

November 23, 2021 | 2021
Build Back Better, the Saga Continues

pile of gold and silver coins on a black table

Yes it has passed the House but it must also pass the Senate before the Bill can become law. What’s in it? That depends on which version is being discussed. Provisions will change until its submitted to the President’s desk. What’s in the House Build Back Better Plan? Careful, what is currently in it … Build Back Better, the Saga Continues

September 15, 2021 | 2021
Tax Increases and the Slowly Roasted Frog. . .

An old parable indicates that a live frog will consent to being cooked if the heat is slowly increased. Seems that the same principle applies to taxes. Part of the Build Back Better Act of 2021 is being crafted in the House Ways and Means Committee. It’s not law yet, but the provisions discussed … Tax Increases and the Slowly Roasted Frog. . .

October 22, 2020 | 0
I WANT A CHOICE TOO—Editorial

Man and woman with american flag wrapped around their shoulders

Currently choice is one of the buzzwords. Usually it refers to something I don’t agree with. However, when it comes to personal freedom and governmental affairs I want: A choice to select the exact health insurance coverage I need and can afford. Choice denied under Obamacare. For example, I don’t need maternity care and … I WANT A CHOICE TOO—Editorial

August 18, 2020 | 0
The Hidden Side of “Bringing America Together” Editorial

Election day is soon approaching. Lets look what each side offers tax wise. . . We all know what our President has given us—the Tax Cuts and Jobs Act. Let’s look at the “Bring America Together” sides tax wish list: Increase taxes on those making over $400,000 Increasing top tax rate from 37 to 39.6% … The Hidden Side of “Bringing America Together” Editorial

July 19, 2019 | 0
IRS Loves Seniors—Form 1040SR

gransparents outside holding young children

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

Welcome

My Tax Blog

September 28, 2022 | 2022 Energy Jolts, Inflation Bolts, Tax Hikes and Pending Legislation

August 22, 2022 | 2022 What’s in the Inflation Reduction Act of 2022?

May 21, 2022 | 2022 Legislative Update-Codifying Roe

May 11, 2022 | 2022 Tax Season and Congressional Legislative Update

January 22, 2022 | 2022 2022 Tax Year: (as of Jan 2022) Pearls and Pains

November 23, 2021 | 2021 Build Back Better, the Saga Continues

September 15, 2021 | 2021 Tax Increases and the Slowly Roasted Frog. . .

October 22, 2020 | 0 I WANT A CHOICE TOO—Editorial

August 18, 2020 | 0 The Hidden Side of “Bringing America Together” Editorial

July 19, 2019 | 0 IRS Loves Seniors—Form 1040SR

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