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Reduce Your Medical Expenses

Reduce Your Medical Expenses

Tax smarts that make a difference Medical expenses are on the rise. According to the Milliman Medical Index, the average family of four on an employer-sponsored plan will spend $30,260 on healthcare in 2022 – a $4,699 increase from 2020. Below are some ways you can...
The New $7,500 Tax Credit That Isn’t

The New $7,500 Tax Credit That Isn’t

What you need to know A highly-touted tax credit in the recently-passed Inflation Reduction Act is meant to incentivize Americans to purchase electric vehicles or other clean burning fuel vehicles. The bottom line, however, is that practically speaking YOU CAN’T GET...
Reminder: Third Quarter Estimated Taxes Due

Reminder: Third Quarter Estimated Taxes Due

Now is the time to make your estimated tax payment If you have not already done so, now is the time to review your tax situation and make an estimated quarterly tax payment using Form 1040-ES. The third quarter due date is now here. Due date: Thursday, Sept. 15, 2022...
IRS Audit Rates

IRS Audit Rates

Don’t get complacent…resurgence is underway The IRS reported audit rates continue to be low…very low. But that is now changing with thousands of auditors being hired for a post-pandemic scale-up of their reviews. So don’t get complacent. A closer...