CFG Tax Solutions

ATTENTION CFG CLIENTS I WILL UPDATE EACH OF YOU AS SOON AS I AM NOTIFIED OF A REFUND DATE

My FAVORITE aspect of being a Professional Tax Preparer is EDUCATING my clients. Sending their return and reviewing it together. I operate with fidelity & integrity and my clients appreciate me.

TAXPAYERS PLEASE READ‼️‼️‼️
Please do NOT allow tax preparers to add fraudulent information on your return. Review the amount you are charged BEFORE you sign. Thank me later

Tax season is rapidly approaching and CFG Tax Solutions is ready to advise you on tax preparation services

🎤 The IRS announced this past week that official tax season will be open January 23rd. The EITC refunds will be available starting February 28th.

PLEASE READ‼️‼️‼️
THESE ARE SOME OF THE CRITICAL CHANGES FOR THIS TAX SEASON⬇️

•Child Tax Credit and Additional Child Tax Credit – The many changes to the child tax credit (CTC) implemented by ARP were not extended and enhancements have expired

•Credits for Sick and Family Leave for certain self-employed individuals was not extended and are no longer available

•Credit for Child and Dependent Care Expenses – changes to the credit for child and dependent care expenses implemented by (ARP) were not extended.

•Earned Income Credit (EIC) – The enhancements for taxpayers without a qualifying child implemented by ARP don't apply for 2022

•Health Coverage Tax Credit – was not extended
Tuition and Fees deduction is not included on the IRS TY2022 What’s New list but is generating calls. This deduction, which may have used for the 2019 or 2020 tax year, was repealed for 2021 and later years. That doesn't mean taxpayers will be unable to deduct qualified education expenses – they can do so by claiming the American Opportunity Tax Credit, or the Lifetime Learning Tax Credit. Refer to IRS