Beckman Business Services

03/30/2022

Educators: don't forget this if you haven't filed already.

Save your receipts! The IRS is reminding teachers and other educators that they'll be able to deduct up to $300 of out-of-pocket classroom expenses—or $600 per married couple if you're both educators—for the tax year 2022 (the return you'll file in 2023).

And don't forget that the deduction is above-the-line, sometimes called an adjustment to income, so you don't have to itemize to take advantage. Currently, you'll find the deduction on Schedule 1, Part 2, line 11 (see below).

The deduction was previously $250. This is the first time the limit has increased since it was introduced in 2002.

https://www.irs.gov/newsroom/for-the-first-time-maximum-educator-expense-deduction-rises-to-300-in-2022-limit-250-for-those-filing-2021-tax-returns

11/11/2021

Thank you, Veterans.

“As we express our gratitude, we must never forget that the highest appreciation is not to utter words, but to live by them.” — John F. Kennedy

11/09/2021

Good news!

Taxpayers contributing to a 401(k) plan for their retirement have gotten some good news from the Internal Revenue Service: they can now put more money into their plan for 2022.

10/27/2021

Are you still working from home? Do you plan to continue indefinitely?

On today’s episode of Taxgirl, Kelly is joined by Nishant Mittal to chat about what permanent remote work will mean for employers and employees.

09/23/2021

The IRS estimates that nine in 10 taxpayers take the standard deduction - but this year you can take a deduction for charitable contributions without itemizing - $300 for single filers & $600 for married filing jointly. The article below digs deeper into this subject or you can get in touch with us for more info.

Recent changes in the tax regulations to help ease the burdens of the pandemic could lead to lower tax bills at filing time for some Americans. The new benefits allow taxpayers who do not itemize to take advantage of donations to charity—at least for a while.

09/09/2021

Don't forget! 3rd quarter estimated tax payment is due on Sept. 15th.

09/09/2021

Good information here!

It’s OK—and honestly, encouraged—to regularly sort through your financial and tax records and toss those that are no longer important. Here are some tips to help you figure out which records to keep and how long to keep them.

09/03/2021

We will be closed on Monday, September 6 for Labor Day. We'll be open again on Tuesday. Have a save and happy holiday weekend!

09/02/2021

FYI. Pay attention. If you think it's a scam it probably is.

Sharing a scam email making the rounds. Lots wrong here, but some quick flags:

1) The IRS won't initiate contact via email with you about your account;
2) There are several spelling and grammar mistakes; and
3) The email purports to be from a government agency but didn't come from a government email address.

If in doubt, assume it's a . Don't click on any links, or reply. Just delete it.



(H/T Hudson Tax Services)

06/30/2021

Can you believe it's almost July?? Wishing you all a great weekend! Stay safe and cool out there!

06/29/2021

We are halfway through the year and now is a great time to have your employees check their withholding to make sure there are no tax surprises next April 15th. If a taxpayer has had any life changes like gotten married, divorced, had a baby or adopted a child they may want to change their withholding for the 2nd half of the year. Let us know if you have any questions.

06/18/2021

Happy Father's Day!