Vayner Tax Prep

Good day!
If you are still in search of a tax preparation professional, we invite you to consider our services.
We specialize in providing expert income tax consultations, tax preparation, and electronic filing services for both federal and state returns. Additionally, our firm offers a Peace of Mind service and the option of a tax preparation fee deduction from your refund for an additional fee. Utilizing a secure portal, we facilitate the exchange of all tax documentation. To commence the process, kindly upload your documents to our portal through the link that will be sent to your email.
With over 20 years of experience in tax preparation, I am proud to be an Enrolled Agent certified professional.
For more information, please visit our website:

Vayner Family Get started with a free consultation with our EA/Tax consultant

Good morning
if you are still not done your Tax Return, please reach out to us
We have over 20 years experience of preparing taxes and Enrolled Agent certified

Important Tax Changes for TY 2022
• Charitable Contributions when the taxpayer does not itemize

o This provision has expired and charitable contributions can only be claimed when itemizing deductions
• Child Tax Credit

o Child must be 16 or younger (the increased age limit to 17 no longer applies)
o The Child Tax Credit is limited to $2,000 per child regardless of age (the increased amount for children under 6 no longer applies)
o The maximum ACTC is limited to $1,500 based on earned income (the credit is no longer fully refundable)
• Earned Income Credit

o Taxpayer(s) without a qualifying child must be between 25 and 65 years (the expanded age limit allowed in 2021 no longer applies)
o 2019 earned income is not allowed to be used to calculate 2022 EIC
o Taxpayers that have SSNs but dependents have ITINs may still claim EIC as if they did not have a qualifying child

Get started with a free consultation with our EA/Tax consultant

Merry Christmas and Happy New Year's
We hope everyone had a wonderful 2022.

May your holiday be blessed with the love and warmth of family and friends. A client of ours is considered a friend.

Thank you and Happy Holidays.

Lets prepare together for the tax season coming up.

New Updates from IRS
August 27, 2022
COVID Tax Relief Information
Posted on: 26 Aug, 2022 06:49 AM
COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers

WASHINGTON ̶ To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36,which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.

The IRS is also taking an additional step to help those who paid these penalties already. Nearly 1.6 million taxpayers will automatically receive more than $1.2 billion in refunds or credits. Many of these payments will be completed by the end of September.

Besides providing relief to both individuals and businesses impacted by the pandemic, this step is designed to allow the IRS to focus its resources on processing backlogged tax returns and taxpayer correspondence to help return to normal operations for the 2023 filing season.

For details, see Notice 2022-36, available on IRS.gov

COVID Tax Relief Information
Posted on: 26 Aug, 2022 06:49 AM
COVID tax relief: IRS provides broad-based penalty relief for certain 2019 and 2020 returns due to the pandemic; $1.2 billion in penalties being refunded to 1.6 million taxpayers

WASHINGTON ̶ To help struggling taxpayers affected by the COVID-19 pandemic, the Internal Revenue Service today issued Notice 2022-36,which provides penalty relief to most people and businesses who file certain 2019 or 2020 returns late.

The IRS is also taking an additional step to help those who paid these penalties already. Nearly 1.6 million taxpayers will automatically receive more than $1.2 billion in refunds or credits. Many of these payments will be completed by the end of September.

Besides providing relief to both individuals and businesses impacted by the pandemic, this step is designed to allow the IRS to focus its resources on processing backlogged tax returns and taxpayer correspondence to help return to normal operations for the 2023 filing season.

For details, see Notice 2022-36, available on IRS.gov.

Middle Class Tax Refund


Overview
The Middle Class Tax Refund is a one-time payment to provide relief to Californians.

If you are eligible, you will automatically receive a payment. Payments are expected to be issued between October 2022 and January 2023.

To receive your payment, you must have filed a complete 2020 tax return by October 15, 2021. However, if you applied for an Individual Taxpayer Identification Number (ITIN) and had not received it by October 15, 2021, you must have filed your complete 2020 tax return on or before February 15, 2022.



When you'll receive your payment
Californians are expected to receive payments between October 2022 and January 2023.

How you'll receive your payment
Generally, if you filed electronically and received your 2020 tax refund by direct deposit, then you should get your payment the same way. Otherwise, you will receive your payment on a debit card.