Dear ,
I shared on my social media pages that COVID-related tax relief programs such as the 2021 Advance Child Tax Credit were NOT extended into 2022. This means families are losing these extra thousands of dollars this year and when we file 2022 returns at the beginning of next year.
Right now, you should be asking yourself what you should do to ensure that you continue getting something from Uncle Sam.
In this case, I have the answer for you: You need to start TAX PLANNING.
By definition, tax planning is the analysis of your finances to ensure that you pay the lowest taxes possible.
Therefore, if you use tax planning to pay $300 in 2022 taxes compared to the $3,000 you paid in 2021, for example, you would have increased your income by $2,700.
Also, if you let me help you plan your taxes, as a tax professional, I may help you earn a tax refund for the first time. This will even increase your tax savings, which is exactly what you need during these inflationary times.
Do you now think tax planning will help you save? If so, contact me to start planning your taxes. Go to this link and select “Want Me to File Your Taxes?”