IRS

tax-deductions

November 10, 2021 

IRS Adjusts Tax Rates and Deductions for TY 2022

The standard deduction for married couples filing jointly for tax year 2022 rises to $25,900 up $800 from the prior year. For single taxpayers and married individuals filing separately, the standard deduction rises to $12,950 for 2022, up $400, and for...

Isaac M. O'Bannon

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September 27, 2021 

Will the 2022 Income Tax Season be Normal?

So will the 2022 tax filing season be normal? Not likely. In addition to lasting health concerns, a number of new tax law provisions will create complications for some filers, as well as potential pitfalls to avoid. And maybe new tax laws by year's end.

Ken Berry, JD

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June 8, 2021 

Estimated Income Tax Payments Due by June 15

The Internal Revenue Service reminds taxpayers who pay estimated taxes that they have until June 15 to pay their estimated tax payment for the second quarter of tax year 2021 without penalty.