2022 some things to think About as you get ready for the upcoming tax filing season
By Kristin P Sinclair – A Accu Tax @Sinclair Financial Solutions – July 2, 2022 If you are single your taxable income begins at $12,950.00+ If you are single and age 65 taxable income begin at $14,700.00+ If you are the Head of the Household your taxable income begins at $19,400.00+ If you are the Head […]
Tax Changes 2022 and Beyond
by Kristin P. Sinclair, A Accu Tax June 26, 2022 In 2022 the standard deduction increased for most taxpayers. This is welcome news because inflation has certainly impacted the daily lives of most Americans. In 2022 the standard deduction for a married couple filing jointly will be $25,900.00. The standard deduction for a single […]
Capital Gains and Losses: A bit more to think about.
by Kristin P. Sinclair – A Accu Tax – June 19, 2022 William and his bride Sherry have been married for 47 years, are getting ready to retire and they plan to say goodbye to much of what they have had in the family home for decades they are opening up space in the home […]
Social Security Income and Planning
by Kristin P. Sinclair May 14, 2022 In order to fully fund your own social security income, ideally you will be able to work and receive reportable earnings for 35 years. Earned income wages work and pay into the system as a beneficiary. Retirement could potential last longer than you think it might. […]
Some more planning strategies while you are working and building your future
by Kristin P. Sinclair – A Accu Tax – May 7, 2022 Many folks have employers who help match the employee 401K contributions up to the amount the employer has pre-established as the employer match. For the dollars you move into your 401K today you lower your taxable income today. If instead your choice is […]
Charitable giving for your 2021 tax year
by Kristin P. Sinclair – A Accu Tax – May 6, 2021 For Tax Year 2021 Gifts to Charity has a whole new potential that so many more folks can benefit from when they complete their tax return. Even when you do not itemize, it is possible to get some tax advantages from giving to […]
Tax Planning so many things to plan for
by Kristin P. Sinclair – A Accu Tax – May 3, 2022 The American Rescue Plan has helped the Low to Moderate income American Wage Earner in so many ways. And of interest many and in some areas most hard working taxpayers fall into what could be considered low to moderate income. Income limits and […]
Capital Gains and Losses and Interest and Dividends
by Kristin P. Sinclair – A Accu Tax – May 24, 2022 You have some stock and you decide to sell and take your profits. Or limit your losses. Folks have various reasons to sell a capital asset at different times. Expect to receive a 1099-B for tax reporting purposes. Well it is a bit […]
Retirement Income Tax Planning
by Kristin P. Sinclair – A Accu Tax – May 10, 2022 Recently Carol has had to make several expensive trips to the car repair shop, and she has decided now is the time to trade up. Carol will be researching 2022 models and plans to purchase a new vehicle with a nice warranty. Carol […]
About Taxable Income
by Kristin P. Sinclair – A Accu Tax – May 14, 2022 – Rock Hill, SC – Charleston, SC The IRS describes taxable compensation in general terms as what you earn from working. This includes, wages, salaries, tips, professional fees, bonuses and other amounts you receive for personal services. We are familiar with these traditional […]
