Are you able to look at my 2021 taxes and tell me how much I will be impacted by 2022 changes?
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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
And this is regarding the Student Loan Forgiveness Program:
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