There are a lot of tax changes for individuals this year. In this video, I will summarize the most important tax changes in this tax update for individuals 2022.
The IRS still had a backlog of 6 million tax returns as of December 31st 2021. Expect tax refund delays this tax season, but it can be avoided.
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Do you have questions about Tax Update for Individuals 2022? I’m an Illinois licensed, Registered Certified Public Accountant with over 25 years of experience. I’m dedicated to providing outstanding tax and accounting services to individuals and small businesses in the Chicago area.
Disclaimer: Any accounting, business or tax advice contained in this article, is not intended as a thorough, in-depth analysis of specific issues, nor a substitute for a formal opinion, nor is it sufficient to avoid tax-related penalties. If desired, I would be pleased to perform the requisite research and provide you with a detailed written analysis. Such an engagement may be the subject of a separate engagement letter that would define the scope and limits of the desired consultation services.