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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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January 20, 2021   |   2020
Need Refund? Patience Please!

pile of $1.00 bills

  IRS is going to be running a little “late” this year. According to the information received as of today (January 15, 2021), IRS will start processing 2020 Tax Year individual Tax Returns February 12, 2021.  Tax Returns can be prepared before February 12 processing date. Estimated refund processing times for returns that refund extra … Need Refund? Patience Please!

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January 1, 2021   |   2021
Stimulus Payments Part 2

pile of $1.00 bills

  As you may have heard, President Trump signed the “COVID Relief Part 4 ( Formally known as  Continuing Appropriations Act of 2021)” into law recently.  Payment amount will be $600 per qualified recipient ($1200 per Married Couple) plus $600 per dependent child claimed on the tax return.  As before, no payments are available for … Stimulus Payments Part 2

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December 16, 2020   |   2021
2021 Standard Mileage Rates:

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

  Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: • 56 cents per mile for business use • 16 cents per mile driven for medical purposes • 14 cents per mile driven in service of charitable organizations

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October 22, 2020   |   0
I WANT A CHOICE TOO—Editorial

Man and woman with american flag wrapped around their shoulders

  Currently choice is one of the buzzwords.  Usually it refers to something I don’t agree with. However, when it comes to personal freedom and governmental affairs I want: A choice to select the exact health insurance coverage I need and can afford. Choice denied under Obamacare. For example, I don’t need maternity care and … I WANT A CHOICE TOO—Editorial

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October 7, 2020   |   0
Medical Expense Tax Deduction When Don’t Have Enough to Itemize

arm on a table with Bp cuff attached

In certain circumstances, medical expenses can be deducted on the tax return without itemizing. To see if that option is a good fit for you, some questions: Do you have medical insurance coverage through work or through a family medical insurance plan? Is the medical insurance plan deductible (out of pocket) more than $1,400 for … Medical Expense Tax Deduction When Don’t Have Enough to Itemize

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September 16, 2020   |   2020
Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

Pair of hands holding empty wallet

The other day someone affected by the COVID related business slowdown asked,  . . .”I have bills to pay, heard something on the news about the CARES Act allowing a penalty free (NOT TAX FREE)  retirement account distribution. What is the “penalty”? Do I qualify for a penalty free distribution? How to determine the taxes … Penalty Free Retirement Plan Withdrawals—CARE ACT 2020 Tax Year ONLY

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