SUBSCRIBE
Enter your Name and Email address to get
the newsletter delivered to your inbox.
Please include name of person that directed you to my online tax guide so I can thank them personally.
Anh Le, CPA, CGMA, EA, MBA
12400 Olive Blvd, Suite 320
Creve Coeur, MO 63141
Phone: 314-624-0350
Fax: 314-624-0351
Email: anh@anhlecpa.com
Website: www.lecpafirm.com
2022 Tax Planning Guide
Personal Tax Considerations
The following checklist includes items to think about and perhaps address with your team of legal, tax and financial professionals.
- Check your wills, trusts and other legal documents to potentially change outdated information. Tax law changes or not, it's always good to review these documents annually to make sure they are drafted as you wish.
- Talk to your human resources department to ensure you are withholding just enough from your income to pay next year's taxes.
- Reexamine saving for college through a 529 plan for at least these two reasons:
First, the federal tax law now allows qualified withdrawals for private and parochial grade school and high school of up to $10,000 annually. Check to see if your state 529 plan will allow this, first.
Second, use your full annual gift tax exemption times five. You can combine five years of contributions up to the annual gift tax limit for each of the five years. (You can't make another gift to the same person during this time.)
- Did you make some money on the side? If you did, you need to report all the income, not just that for which you received a 1099 statement. This form isn't required for annual earnings under $600, but taxes are still due.
Talk to your tax professional to get a complete list of what you will need for your next tax planning meeting.
CONTACT US
Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.
Anh Le, CPA and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.
The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.