At this time I am not accepting new clients for annual tax preparation.

SERVICES 

Managing your investments to meet your goals

Tax season 2023 is already in full swing!  No need to reconcile stimulus or Advanced Child Tax Credits this year so that is a welcomed relief. 

Many changes ahead in 2023 and beyond with the passage of the Inflation Reduction Act on August 16, 2022.  The Act has many provisions including those incentivizing 1) the continued adoption and move towards alternative energy sources, such as Electric Vehicles and Solar Energy and 2) making existing and new buildings and homes more energy efficient. There are tax credits for individuals and businesses.

For 1040 filers, the $500 lifetime credit that many taxpayers had maxed out years ago, is replaced with the Energy Efficient Home Improvement credit that caps out annually at $1,200, for energy improvement made after December 31, 2022 through December 31, 2032.  There are several rules, and categories with maximum limits within the credit.  Why make it too straightforward!  It may make sense to spread home improvement projects over more than one year.

Additonally, Secure 2.0 was passed December 29, 2022 with several incentives and provisions to improve retirement savings.  More to come but most impacts are for years 2024 and beyond.  A great opportunity for tax planning and strategizing.

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Tax preparation

Tax preparation for individuals, small businesses and non profits - all states