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VK Professional Services
2022 Tax Changes
The IRS is still making changes for 2022 Tax Season! But here are some to be aware of:
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An extension of the American Rescue Plan Act provision allowing taxpayers with household income 400% or more above the federal poverty line to potentially obtain premium assistance when purchasing marketplace insurance
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Virtual currency applied as property taxation MOSTLY
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When you come back from out of country and convert remaining money back to dollars you have $200 de minis (capital gain given)
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2022 Child Tax credit will go back to pre-covid amounts - $2000 per dependent. Extensions phased out.
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$4000 federal credit on Electric Vehicles *stimpulations
More will be added as approved by the IRS...
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