Sorry, I haven't posted for a while but I have been very busy. In fact, the only reason I am posting right now is avoidance of a day trader's return.
It's still to early to know how the season will work out. My numbers are up but is that from clients coming in earlier because they have concerns about what they will owe or want to get their money back faster? Only April 16th will tell.
I'll do a better post on this soon, but with the changes in withholding that are beginning to show up in pay check I wanted to mention it. The few extra dollars your are getting now could be a problem next year. If you or your spouse are working more than one job, you need to talk to your tax professional. The withholding tables were adjusted to get save everyone about $400 (the amount of the stimulus) but they assume just one job. It could leave you short at tax time. They could also be problems for taxpayers who use extra withholding to cover investment income, dependents, taxpayers who's paycheck fluctuates during the year and married taxpayers who's combined income will be over $150,000.







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