by briesterer@thinkvisionary.com | Jan 6, 2022 | Business, Individuals, Newsletter
Important Tax Changes for Individuals and Businesses 2022 Every year, it’s a sure bet that there will be changes to current tax law, and this year is no different. From standard deductions to health savings accounts and tax rate schedules, here’s a...
by briesterer@thinkvisionary.com | Jan 5, 2022 | Business, Individuals, Newsletter
Getting Ready for the 2022 Tax Filing Season Filing your tax return promises to be just as complicated as always – especially if you received stimulus payments or advance child tax credit payments. However, there are steps that taxpayers can take right now to...
by briesterer@thinkvisionary.com | Dec 3, 2021 | Business, COVID-19, Individuals, Newsletter
Highlights of the Infrastructure Investment and Jobs Act While the recently passed Infrastructure Investment and Jobs Act primarily addresses infrastructure-related issues, it includes several tax provisions affecting individuals and small business taxpayers....
by briesterer@thinkvisionary.com | Dec 1, 2021 | Individuals, Newsletter
Individual Taxpayers: The Year in Review As we close out the year and get ready for tax season, here’s what individuals and families need to know about tax provisions for 2021. Personal Exemptions Personal exemptions are eliminated for tax years 2018 through...
by briesterer@thinkvisionary.com | Nov 2, 2021 | Individuals, Newsletter
Shared Custody and Advance Child Tax Credit Payments Parents who share custody of their children may be confused about how the advance child tax credit payments are distributed. As such, the first step is to remember that these are advance payments of a tax credit...
by briesterer@thinkvisionary.com | Nov 1, 2021 | Individuals, Newsletter
IRS Charges Fee for Estate Closing Letters Starting October 28, a new $67 user fee will apply to any estate that requests an estate tax closing letter for its federal estate tax return. This closing letter is formally referred to as IRS Letter 627. Background By law,...
