Still waiting on that Tax Refund? Unfortunately, you are not alone. National Taxpayer Advocate Erin Collins announced that as of the end of May, 21.3 million paper-returns are currently backlogged,…
Category: Taxes
2022 Mid Year Mileage Rate Increase
Did you hear the news? The IRS announced that starting July 1st 2022, the optional standard mileage rate would be increasing for the final six months of the year. Midyear…
Gambling Winnings & Losses - How does it work?
The Tax Cuts and Jobs Act (TCJA), enacted at the end of 2017, suspended certain deductions for 2018 through 2025. For example, you can’t currently deduct any miscellaneous expenses, including…
2021 Recovery Rebate Credit FAQs
If you didn’t get the full amount of the third Economic Impact Payment, you may be eligible to claim the 2021 Recovery Rebate Credit and must file a 2021 tax…
Advance 2021 Child Tax Credit FAQs
The advance child tax credit payments ended in December, but there’s still more money coming to eligible families in 2022. Now that tax season has arrived, the final enhanced child…
Federal Income Tax Update 2021
Federal Income Tax 2021 Review Replay Video Hosted by Daniel M. Krug, CEO and Senior Wealth Manager, Rocky Istvan, CCO and Associate Wealth Manager. Special Guest Speaker Brenda Hunter, CPA…