Thomas E. Williams, CPA

Electronic filing is shut down until late January or early February

October 15 is coming up fast if you filed an extension and want to file your return on time

Don’t get so busy making a living that you forget
to make a life.
Dolly Parton

"What happens in our society when we have people in the highest positions of power who deny the existence of objective truth? Truth becomes whatever the people in power say it is ..."

Tulsi Gabbard

The WH wants to allow the tax reductions to expire which will increase EVERYONE'S taxes. Elections have consequences.

About 940,000 people have $1 Billion in unclaimed refunds from 2020. Out of time SOON

The government regularly adjusts many things for inflation: federal tax brackets; contribution limits for retirement accounts; the size of the standard deduction on taxes; Social Security’s cost-of-living adjustment, or COLA, among others.

But one thing that has never been adjusted for inflation is the federal income threshold to determine if you’ll have to pay taxes on your Social Security benefit. That means with each passing year, an increasing proportion of seniors have been reaching those low thresholds and having to pay taxes on their benefits.

Taxes take a bite of more people's Social Security benefit each year. Here's why. It's not just inflation that's cutting the buying power of your Social Security benefit. Taxes are, too. Here's how.