It's Tax Tip Tuesday time!
WELL, IT IS THAT TIME OF THE YEAR WHEN YOU SEE LORI CARPENTER FROM STADLER TAX. YOU KNOW, IT’S TAX TUESDAY TIME WE GOT TO GEAR UP FOR THE TAX SEASON. AND THERE’S NOBODY BETTER TO DO IT THAN STADLER AND COMPANY. THANK YOU FOR BEING HERE. GLAD TO BE HERE. SO YOU KNOW WE BRING YOU BACK EACH YEAR AT THIS TIME WITH IMPORTANT INFORMATION. AND WE REALLY ARE KICKING IT OFF WITH, I THINK, SOME VERY IMPORTANT STUFF ON OUR FIRST THAT WE’VE GOTTEN THAT ARE NO LONGER GOING TO BE THERE THIS YEAR. RIGHT? RIGHT. IT’S REALLY
IMPORTANT TO KNOW WHAT YOU’RE NOT GOING TO GET, BECAUSE WE’VE BEEN GETTING A LOT, HAVEN’T WE? WE HAVE WHAT CREATED THE CHANGE TO KIND OF GIVE US THOSE PROVISIONS THAT WERE IN PLACE IN 2021 OUT OF COVID. THERE WAS A LOT OF LEGISLATION THAT GAVE US A LOT MORE BENEFITS, A LOT MORE CREDITS. AND JUST TO MAKE SURE THAT PEOPLE WERE WERE FEELING IT IN THEIR POCKETBOOK COMING OUT OF COVID. OKAY. WELL, NOW WE’RE PAST, WELL, SOMEWHAT PAST, I GUESS THAT. SO TELL ME, LET’S FIRST OF ALL, IF YOU DON’T MIND, START WITH, I GUESS,
WHAT CHILD TAX CREDITS WOULD THAT BE A GOOD PLACE TO START? YES. SO THE CHILD TAX CREDIT HAD REALLY EXPANDED UP TO 3000 OR 3600 PER CHILD. THERE WERE SOME AGE PIECES THERE
WORK THAT WAS HUGELY EXPANDED FOR THE LAST COUPLE OF YEARS. AND THAT’S GOING TO GO BACK TO, TO A MUCH SMALLER PIECE OF YOUR REFUND. SO THAT WOULD BE THE KIDS THAT WERE GOING TO PRESCHOOLS, DAYCARE HOURS, NURSERY PLACES. THAT’S ALL GOING TO BE BASICALLY GONE. OR DO YOU GET SOME CREDIT? THERE’S STILL A CREDIT FOR THAT. BUT IT’S IT USUALLY CAPS OUT AROUND. 600 TO 1200 ON A TAX RETURN. SO A MUCH LOWER RATE. ALL RIGHT. WE’VE COVERED THE KIDS. RIGHT I THINK. SO WHAT’S OUR NEXT TOPIC THEN. THE EARNED INCOME CREDIT WHICH ALSO
EXPANDS IF YOU HAVE KIDS. BUT DURING COVID THAT WAS WAY EXPANDED. IF YOU DID NOT HAVE CHILDREN. AND THAT’S GOING TO GO BACK TO THAT PRE-COVID, VERY SMALL, UH, EARNED INCOME CREDIT. SO IF SOMEBODY HAS EARNED INCOME, BUT IT’S A VERY LOW. THEY HAVE NO CHILDREN. THEY THERE WAS A CREDIT FOR THAT THAT HAD GREATLY EXPANDED. AND THAT’S SHRUNK BACK DOWN AGAIN OKAY. ALL RIGHTY. SO THOSE ARE SOME SOME AREAS OF DISCUSSION THAT ARE IMPORTANT TO PROVISIONS THAT ARE GOING AWAY. THESE ARE THE KINDS OF THINGS THAT MAKE ME THINK THIS IS WHY WE NEED
THE EXPERTS, RIGHT? BECAUSE THERE’S SO MANY THINGS THAT ARE GOING TO CHANGE OVER THERE ARE CHANGES EVERY YEAR. THERE ARE CHANGES. SOMETIMES THEY’RE BIG AND NOTICEABLE, AND OTHER TIMES THEY’RE SMALL AND NOT QUITE AS NOTICEABLE. BUT EVERY YEAR THERE ARE CHANGES AND EVERY TAX SITUATION IS ONE OF A KIND. THERE ARE NOT TWO THAT ARE EXACTLY THE SAME. WHEN IS TOO SOON TO START GETTING A HOLD OF YOU? WE ARE BOOKING NOW. WE’VE HAD OUR PHONE RINGING PRETTY HEAVILY AND OUR SCHEDULE IS BOOKING UP WELL. THE QR CODE IS THERE ON THE SCREEN AND IT
WILL GO TO THE WEBSITE, WHICH AGAIN IS STADLER TAX.COM. UM, GO IF YOU HAVE QUESTIONS, IF YOU WANT TO ASK ANYTHING AT ALL, THERE’S NO DUMB QUESTION WHEN IT COMES TO TAXES. AND IF YOU WANT GENERAL INFORMATION TO SCHEDULE THAT BOOKING AND TO FIND OUT ABOUT ALL THE GREAT LOCATIONS FOR IS A REALLY GOOD TOOL, RIGHT? IT ABSOLUTELY IS. A LOT OF GOOD INFORMATION. WE KNOW GOOD INFORMATION IS WHAT YOU’RE GOING TO SHARE OVER THE NEXT SEVERAL TUESDAYS IS TAX TIP. TUESDAYS BECOME A PRETTY IMPORTANT PART OF WHAT WE DO AROUND HERE. WE APPRECIATE YOUR
TIME. HAPPY TO BE HERE. ALRIGHTY. THANK YOU SO MUCH. TAX TIP TUESDAYS ARE UNDERWAY RIGHT HERE ON GOOD DAY LIVE. AND STAY WITH US.
