Skip to main content
September 28, 2022
Question

2022 vs 2021 for my taxes

  • September 28, 2022
  • 1 reply
  • 0 views

Are you able to look at my 2021 taxes and tell me how much I will be impacted by 2022 changes?

    1 reply

    SoCalGal22
    September 28, 2022

    Great questions @Seggl6!

    We have no way of looking at your tax return, but if you filed through TurboTax, calling our support line is a great way to review that.  

    800-446-8848  1-800-4-intuit

    800-624-9066

     

    The tax rates for 2022 are lower than for 2021 and the standard deduction will increase. These will have the impact of lowering your taxes but, just marginally. You would be eligible for credits on energy saving vehicles or installations to your home.  

     

    These are the primary areas that the new bill could affect your family:

    Clean Vehicle Credit

    Energy Credits on Home

    Solar Energy Credits

    Extended Affordable Care Health Care Subsidies

    Caps on Medicare out-of-pocket expenses for prescription drugs

    Corporate Tax Changes

    https://ttlc.intuit.com/turbotax-support/en-us/help-article/energy-tax-credits-deductions/inflation-reduction-act-2022-mean-taxes/L0gH6wS3E_US_en_US

    https://proconnect.intuit.com/taxprocenter/tax-law-and-news/what-you-need-to-know-about-the-inflation-reduction-act-of-2022/

     

    And this is regarding the Student Loan Forgiveness Program:

    https://proconnect.intuit.com/taxprocenter/tax-law-and-news/student-loan-debt-relief-and-what-it-means-for-your-clients/

     

    **Say "Thanks" by clicking the thumb icon in a post

    **Mark the post that answers your question by clicking on "Mark as Best Answer"

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"