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‘A lot of people are going to see less money in their pocket.’ Here are must-know tax changes for 2022

‘A lot of people are going to see less money in their pocket.’ Here are must-know tax changes for 2022

After another year of tax law changes, there are significant updates for the 2022 filing season, with the possibility of a smaller refund or bigger tax bill. For some filers, certain tax credits have been reduced and it may be more difficult to claim the charitable deduction. You may get Form 1099-K for the first time, which […]

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‘A lot of people are going to see less money in their pocket.’ Here are must-know tax changes for 2022

‘A lot of people are going to see less money in their pocket.’ Here are must-know tax changes for 2022

Tom Werner | DigitalVision | Getty Images Certain tax credits have been reduced  One possible reason for a smaller tax refund is the child tax credit and the child and dependent care tax credit have been reduced for 2022, explained certified financial planner Cecil Staton, president and wealth advisor at Arch Financial Planning in Athens,

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3 lesser-known ways to trim your 2022 tax bill or boost your refund before year-end

3 lesser-known ways to trim your 2022 tax bill or boost your refund before year-end

There’s still time to trim your tax bill or boost your refund before the end of the year. Depending on your 2022 income, you may consider deferring a holiday bonus, “bunching” medical expenses or a partial Roth conversion, experts say. Charles Taylor | Getty Images If you’ve had a strong year and expect lower earnings

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