The COVID-19 era was great for personal taxes.<\/p>\n
There were stimulus amounts, increased child tax credits, non-itemizing charitable deductions, as well as other items.<\/p>\n
But it’s over.<\/p>\n
There’s a decent chance your 2022 personal tax returns will not be as kind to you as the past couple of years, assuming your financial situation has not changed much.<\/p>\n
As much as I appreciated the “I can’t believe my refund amount is so high – THAT IS AWESOME!!!” messages from clients, I realize I may be getting a few more “Are you sure you included every deduction with our return – something doesn’t make sense!” messages.<\/p>\n
This doesn’t mean we won’t do everything in our power to limit our clients’ tax liabilities.<\/p>\n
We will – it’s my job.<\/p>\n
But it’s also my job to be realistic and honest with my clients.<\/p>\n
I believe it’s essential to manage expectations – in all areas of life.<\/p>\n","protected":false},"excerpt":{"rendered":"
The COVID-19 era was great for personal taxes. There were stimulus amounts, increased child tax credits, non-itemizing charitable deductions, as well as other items. But it’s over. There’s a decent chance your 2022 personal tax returns will not be as kind to you as the past couple of years, assuming your financial situation has not […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n