Category: Taxes

  I published an article, “Tax Changes, Tips & Help for 2022 Returns,” a couple of weeks ago on HabiTalk. Due to a technical glitch, subscribers didn’t get the usual blog post notification. We’re working on a fix, but because the topic is so time sensitive and important, I created this new post, hoping the notification will reach my subscribers this time.  Click here to read Tax Changes, Tips & Help for 2022 Returns. Next Month, Watch for “Timely Tips and Tidbits,” a New Kind of HabiTalk Blog Article Some of you have subscribed to HabiTalk since it was part of Habitudes, our personal record keeping service. We were so disappointed when we had to discontinue the service because of technical problems with the website. But now that we’ve got the HabiLinks Guide and the HabiTalk Blog up and running on their own site, we’re working on a brand new Habitudes personal record keeping website. The new site will offer comprehensive personal record keepers that users can download and edit to their heart’s content. Users will store their personal records themselves, on their computer or favorite cloud storage system, so there won’t be any sign-up or subscription fee required. While we’re […]

There are 2022  tax return changes, tips and help you should be aware of before filing with the IRS. Whether you do your taxes by hand, use software, or hire a professional, you’ll need to gather income tax related backup documents and receipts. Below are some important 2022 tax return changes, tips & help. Although the best source of tax information is the Internal Revenue Service itself, I hope these tips will make your 2022 tax return task a little less tedious.   IRS Tax Return Changes for 2022 April 18 is the tax deadline for most taxpayers. The tax deadline is extended to October 16 for disaster area taxpayers in Alabama, California and Georgia. See IRS Newsroom. Tax Brackets have changed slightly. See Bankrate.com. The Standard Deduction. For married couples filing jointly the standard deduction increases to $25,900. The standard deduction for single taxpayers and married individuals filing separately increases to $12,950. Heads of households have a standard deduction of $19,400. The Child Tax Credit. Parents may only claim $2,000 per child under the age of 17. The amount of the credit phases out when your modified adjusted gross income (MAGI) reaches $400,000 on a joint return, or $200,000 on […]