01/06/2023
Our Christmas trees are down and we are ready for the next season! We have gotten quite a few calls from people who have gotten their W2's already but most will not be out for a couple more weeks. The IRS has not officially announced when e-filing will be available - there is speculation that it will be around the 23rd though. I know many people want file as quickly as possible - just please make sure you truly have all your forms - there is nothing worse than filing your return on the 26th of January and then get another W2 on the 28th for a little job you completely forgot about - your refund could take 4-6 months to receive with an amendment!! Other important things to keep in mind - the "covid extras" have expired, so child tax credit, dependent care credit and EIC will be back to pre-pandemic amounts. The IRS has also again updated the withholding tables - and the forms are still crazy complicated - and still leaves many taxpayers not withholding enough if not handled properly. We are asking our clients to bring in current paystubs/pension statements when we do their taxes so we can help make any needed withholding changes. Thankfully the reporting from Venmo/Cash app and such was suspended for 2022 - however it will be an issue going forward - I will be posting more about this soon!! Lastly, we have moved just down the hall to an absolutely perfect and much larger downstairs space - I will have some pictures up soon as well as some details for a ribbon ✂️🎀🍾🎊!! We are very thankful for our fabulous clients - we realize not everyone loves coming in to see us (about as exciting as a trip to the dentist for many) but we are always happy to see all of you!! If you have any questions or to make an appointment, please call or text (410)714-8744, or email us at [email protected].