Welcome

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.

Find Out More

My Tax Blog

January 20, 2021   |   2020
Need Refund? Patience Please!

pile of $1.00 bills

  IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021.  Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra Need Refund? Patience Please!

Continue Reading

January 1, 2021   |   2021
Stimulus Payments Part 2

pile of $1.00 bills

  As you may have heard, President Trump signed the “COVID Relief Part 4 ( Formally known as  Continuing Appropriations Act of 2021)” into law recently.  Payment amount will be $600 per qualified recipient ($1200 per Married Couple) plus $600 per dependent child claimed on the tax return.  As before, no payments are available for Stimulus Payments Part 2

Continue Reading

October 7, 2020   |   0
Medical Expense Tax Deduction When Don’t Have Enough to Itemize

arm on a table with Bp cuff attached

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

Continue Reading

September 16, 2020   |   2020
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Pair of hands holding empty wallet

The other day someone affected by the COVID related business slowdown asked,  . . .”I have bills to pay, heard something on the news about the CARES Act allowing a penalty free (NOT TAX FREE)  retirement account distribution. What is the “penalty”? Do I qualify for a penalty free distribution? How to determine the taxes Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Continue Reading