EASY DOES IT

2022 TAX TIPS

BY MELINDA THOMPSON I PHOTOS BY LINDSAY MC PHOTOGRAPHY

Why should you use a tax professional?

1. The knowledge that I know

2. There won’t be any mistakes

3. I look for ways to get my clients their maximum refund

4. By paying upfront cost to me you will receive ALL your refund!

5. Being a tax professional I can give you tax tips to prepare you for the following year

6. I keep accurate records so whenever you need a copy of your information it will be readily available

7. One on ones with me are personal, not a full office so we are able to discuss not just tax tips we discuss life!

Changes In 2022

1. Concerning the Stimulus if you received it, please make sure to disclose that information and not lie because it will hold up your return! 2. Additional child tax credit money was taken up front from return, and then portal was closed for non- working people until 4/18/2022. So, they had to come see a professional

3. Childcare amount went from

maximum $3,000 to $4,000. Form 2401

4. Tax brackets went up for each filing status. Head of Household: $450 Single Individual: $325 Married Filling Joint: $650 Married Filling Separate: $4700 5. If you were between ages 19-24 and was not a specified student, you received Earned Income Credit this year based on income!

Tax Tips

1. Make sure you have ALL necessary paperwork to file.

2. Make sure you file quickly and don’t hesitate

3. Business owner’s you guys need to purchase a bookkeeping book titled “Dome simplified monthly bookkeeping record!”

4. For all selfemployed & LLC prepare early for tax payments!

5. Homeowners keep up with ALL receipts of repairs that you do during the year.

6. Make sure you keep your exemptions the same for each job which it should be 0 or 1.

“Concerning the Stimulus if you received it, please make sure to disclose that information and not lie because it will hold up your return!”

COACHING WITH KRISTIN