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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.

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My Tax Blog

December 13, 2024   |   2024
2024 Simplified Methods to Save on Federal and Ohio Taxes

Federal Tax Savings: It’s pay to play now. Spend or set aside money for tax savings: Increase 401K/IRA contributions. Additional contribution allowed if over age 50. Increase Health Savings account contributions. No employer option? Set up your own fee free account at bank or brokerage. Contributions are tax deductible. Have almost enough to itemize? Prepay … 2024 Simplified Methods to Save on Federal and Ohio Taxes

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December 13, 2024   |   2024
2024 Ohio Tax Changes

From Annual Tax Newsletter:  Not Every change but the changes that affect most Taxpayers and Small Business. . . . Ohio Tax Law Changes, Individuals Tax Rates: If taxable income is under 26,050 Ohio Income Tax Rate is $0 (yes, you read that correctly). if taxable income is 26,051 to $100,000 Ohio Income Tax Rate … 2024 Ohio Tax Changes

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December 13, 2024   |   2020
Tax Scams–Don’t Believe Everything You Hear. . .

Scams: Fake Charities. To verify Charity legitimacy or tax donation deductibility, check the IRS Charity Database at https://www.irs.gov/charities-non-profits/tax-exempt-organization-search Fake IRS bills/telephone calls. a. IRS contacts by MAIL. To check IRS bill legitimacy, log on to your IRS account or call their office (800-829-1040). IRS does not call and threaten people. Hang up! b. Ohio Taxation … Tax Scams–Don’t Believe Everything You Hear. . .

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December 13, 2024   |   2020
But I Can’t Afford a Tax Preparer . . .

If Can’t Afford a Tax Preparer, Check With: Your bank (some offer free tax preparation). Local college (Accounting majors need experience!) IRS Volunteer Income Tax Assistance (VITA) or Tax Assistance for Elderly (TCE) preparation sites 888-227-7669.or https://www.irs.gov/individuals/free-tax-return-preparation-for-qualifying-taxpayers info only available during tax season =January Through April 2025. IRS Free File Program. If qualify will receive … But I Can’t Afford a Tax Preparer . . .

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December 13, 2024   |   2024
IRS/Federal Tax Changes

2024 IRS/Federal Law Changes: Election year= campaigning. Not a lot of tax law changes. Not an all inclusive list, general changes from tax newsletter that affect small businesses and individuals Condoms are medical supplies and are tax deductible as medical expense. Check with HSA provider to see if Health Saving Account qualified. Corporate Transparency Act—Still … IRS/Federal Tax Changes

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December 13, 2024   |   2024
2024/2025 Facts and Figures

                                                                                                                                                                                                                                      Tax Year FACTS & FIGURES, TBA=To be announced          2024                      2025 Social Security COLA                                                                 3.2%                            2.5% Part B premium- income < $85,000                                               174.70                         185.00 Early, Max earnings limits b4 Soc Sec reduced                                22,320                         23,400 Early, Max earning for … 2024/2025 Facts and Figures

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October 24, 2024   |   2024
What’s on the Ballot? 2024 Election Update. . .

2024 General Election—OHIO-Seneca, Crawford, Huron Counties Other counties see Ballotpedia.org, Vote411.org or League of Women Voters site for your area For Ohio US Senate Districts 5, Ohio Senate District 26 and Ohio House District 88.  Not sure which Ohio District you’re in? See map links 1-4 above the Issue One discussion. . President Republican                 Democrat … What’s on the Ballot? 2024 Election Update. . .

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January 13, 2024   |   2023
Tax Season Cometh

calculator and notepad hand with pen is writing on notepad

IRS will be accepting individual returns from non IRS partners January 29, 2024. For lower income taxpayers,  IRS free file program is already up and running. For more information see:  https://www.irs.gov/filing/free-file-do-your-federal-taxes-for-free   Program does not require a computer, can fill out your taxes on a tablet or mobile phone. . .  

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December 18, 2023   |   0
2024 Mileage Rates

Tahoe utility setting at the water's edge of a beach

Recently announced. IR-2023-239, Dec. 14, 2023 WASHINGTON — The Internal Revenue Service issued the 2024 optional standard mileage rates for calcuating automobile costs for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2024, the standard mileage rates for the use of a car, vans, pickups or panel trucks) will be: 67 cents per … 2024 Mileage Rates

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