November 2022 Newsletter

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Tax Tips, News & Insights

November 2022

Our best wishes to you and yours. May your holiday be
filled with laughter, friendship and great food.

Pre-register now for the best deal when you file.

Use our Tax Prep Checklist and get yourself ready.

We make it fast and easy.

Taxpayers should stay on top of taxes all year to avoid
a surprise tax bill
Taxpayers should review their tax withholding annually to make sure they aren’t paying too much or too little taxes.
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Tip income is taxable and must be reported
Tip income is taxable. If you earn more than $20 per month in tips, it needs to be reported to your employer.
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IRS provides tax inflation adjustments for tax year 2023
For the tax year 2023, the IRS announced that they have added annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
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401(k) limit increases to $22,500 for 2023,
IRA limit rises to $6,500
For 2023, the employee contribution limit for 401(k) plans will increase to $22,500, up from $20,500 for 2022.
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5 Simple Steps to a Debt-Free Holiday Shopping Season
Many people go into debt during the holiday season but with a little planning and self-control, learn how you can avoid being one of them.
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5 Wise Ways to Cut Your Living Costs and Save More Money
Making small, easy changes to your spending habits can help you reduce your monthly living expenses and save more money.
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Traveling Soon? How to Protect Your Credit Cards
and Your Plans
Paying for things with your credit card is safer more convenient especially when traveling, but you still shouldn’t throw caution to the wind.
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Three Tips To Have A Stress-Free Thanksgiving
Between the grocery shopping, cooking and hosting, Thanksgiving can be both joyful and stressful. Learn these tips to stay calm.
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