So, now you have prepared your taxes for 2021 and you owe money. What's the next step? If you have a real job, this next step is getting…
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181 answers
They did not change the annual amount excludable for gift tax. So again, $15,000 per person. So if you are an individual that wants to try to help…
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Radio Show
February 12, 2022
Welcome to another episode of the Dr. Friday Radio Show! In this episode, Dr. Friday takes on the latest tax updates, answers callers questions, and talks over the…
#Home Sale Exclusion#1099-K Threshold#Retirement Tax Planning#PPP Loan Forgiveness
ListenMany of you may have found when you're preparing your own tax returns, that there's a new form also, really, it's more of an updated form an 8812,…
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The Child Independent Deduction for 2021 Was Fully Deductible
Deductions & credits
The child independent deduction for 2021 was fully deductible. That means you get dollar for $1 deduction up to $3,000 per child, if they're over the age of…
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February 5, 2021
Welcome to another episode of the Dr. Friday Radio Show! In this episode, Dr. Friday takes on the latest tax updates, answers callers questions, and talks over the…
#Capital Gains Taxes#Social Security Taxation#Rental Property Sales#Medicare IRMAA Surcharges
ListenEIC, earned income credit without children. Did you realize that if you are someone that may not be making a lot of money, so if you're a single…
ListenThe 2021 recovery rebate credit also thought of as the stimulus was something that they gave us an impact for the economic hardship people were facing. This is…
ListenChanges to the educational credits. The repeal of the CA under the 2200 deduction for qualified tuition and related expenses. Instead it increased the phase out limits to…
ListenAMT tax is one of those hidden taxes it's a tax code within the tax code. Leave it to all of us to find ways that we can…
ListenStudent loan forgiveness. From March 13 of 2020 through January 31, 2022, the interest rate was zero, and payments were suspended for federal student loans. Now, that doesn't…
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January 29, 2022
Welcome to another episode of the Dr. Friday Radio Show! In this episode, Dr. Friday takes on the latest tax updates, answers callers questions, and talks over the…
#IRS Debt Resolution#Child Tax Credit#Stimulus Checks#IRS Notice Resolution
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