January 24, 2022

2022 Mileage Rates

The Internal Revenue Service has issued the 2022 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical […]
December 8, 2021

Tax Planning 2021

Please click the links below for our annual tax planning letters – and certainly let us know if you have any questions. Individual Tax Planning 2021 […]
November 2, 2021

Social Security wage base, COLA set for 2022

An increase from $142,800 for 2021, the wage base limit applies to earnings subject to the tax, known officially as the old age, survivors, and disability […]
October 18, 2021

Build Back Better Act

On September 15, the House Ways and Means Committee approved the tax provisions of the Build Back Better Act (BBBA), the legislation intended to implement President […]
August 3, 2021

Back-to-School College Tax Breaks for 2021

Are your children heading back to college campuses this fall? It may cost you more than it did for remote learning, but at least the tax […]
July 12, 2021

More Child Tax Credit Info

Recently, there were important changes made to the child tax credit that will benefit many taxpayers. As part of the American Rescue Plan Act that was […]
June 29, 2021

New Child Tax Credit Benefits for 2021

Most of you are aware of the basic rules for claiming children on your tax return.  However, for your 2021 tax year only, the American Rescue Plan […]
March 29, 2021

Tax Filing Extended to May 17

The Treasury Department and Internal Revenue Service announced today that the federal income tax filing due date for individuals for the 2020 tax year will be […]
February 15, 2021

New Mileage Rates for 2021

The optional standard mileage rates for business use of a vehicle will decrease in 2021, after increasing slightly last year, the IRS announced. For business use of […]