CREDIT GETIMAGE
CREDIT GETIMAGE
1. The standard deduction is higher for 2022.
CREDIT GETIMAGE
2. Income tax bracket should also be higher in 2022.
CREDIT GETIMAGE
3. Child tax credit benefits should also be normal.
CREDIT GETIMAGE
4. Qualify for the low-file child care and dependent tax credit.
CREDIT GETIMAGE
5. If you don't have children, it will be harder to qualify for the Earned Income Tax Credit this year.
CREDIT GETIMAGE
6. If student loans are forgiven, you may owe state taxes.
CREDIT GETIMAGE
7. Must report your crypto and NFT transactions.
CREDIT GETIMAGE
8. Will report your payments to the IRS through PayPal, Venmo, and other third-party apps.
CREDIT GETIMAGE
9. Increase in retirement contribution limit.
CREDIT GETIMAGE
10. The temporary charitable donation deduction is gone.
CREDIT GETIMAGE
Next steps