You may need to pay taxes on your Social Security Disability Insurance benefits. This can happen if you receive other income such as dividends or tax-exempt interest, or if you have a spouse that has income that can places you above a certain threshold. Since Social Security Disability Insurance requires you to be disabled and have limited income to be eligible, you might not have other income to exceed this threshold.  Therefore, you might not have to pay taxes on it.   To determine if you need to pay taxes on your SSDI will depend on your filing status and other souces of income. The IRS states that your Social Security Disability Insurance benefits may become taxable when one-half of your benefits, plus all other income, exceeds an income threshold based on your   tax filing status:   The link below will give you further guidance on this topic: https://www.irs.gov/pub/irs-pdf/p915.pdf   ... View more

A 1031 Exchanges allow you to defer both the capital gains tax and depreciation recapture from the sale of a property  and invest the proceeds into another “like-kind” property. ... View more

Here is the link to try to make Estimated Tax Payments via IRS using Pay Now With Direct Pay.  If this doesn't work, you could consider putting the payment in th mail by the due date.   https://www.ftb.ca.gov/about-ftb/newsroom/golden-state-stimulus/gss-i.html#When-you-ll-receive-your-payment ... View more

You didn't receive the Stimulus (3rd $1400)-Recovery Rebate Credit? If you didn't enter the info in your 2021 return for the Recovery Rebate Credit, you will need to Amend to claim the credit.   You can check your account on the IRS website to determine if their records reflect that you have received a stimulus at https://www.irs.gov/payments/your-online-account.  If you don't already have an account, you will need to create one.   You will have to request a payment trace, if the IRS records reflect that you have received your stimulus.   To request a payment trace, call  800-919-9835  or fill out IRS Form 3911.   The link below will provice you additional info and guidance about California Stimulus. https://www.ftb.ca.gov/about-ftb/newsroom/golden-state-stimulus/gss-i.html#When-you-ll-receive-your-payment   ... View more

You want answers on how to reduce Michigan State taxes. I have attached a link that has the more info about Michican tax rate which is 4.25% and also the exemption for single and married.  Please verify if there were enough taxes withheld via payroll throughout the year.     https://www.bankrate.com/taxes/michigan-state-taxes/   Without any additional info such as income, deductions, etc.; I am unable to determine if there are other deductions that may have been overlooked. ... View more

Box 12 amounts with the code   DD signify the total cost of what you and your employer paid for your employer-sponsored health coverage plan. Code DD amounts are for informational purposes only—they don't affect the numbers in your tax return.   The amount reported with Code DD is not taxable, but neither can it be claimed as a tax deduction (medical expense) by an individual taxpayer.  Therefor, You can't deduct the portion of your premiums that your employer pays, for example, or any premiums that come out of your paycheck pretax.   The link below will provide additional information: https://www.irs.gov/affordable-care-act/form-w-2-reporting-of-employer-sponsored-health-coverage   ... View more

Does New York Tax the following income?   1. Social Security benefits?  In New York,  all Social Security retirement benefits are exempt from taxation . Income from retirement accounts or a private pension is deductible up to $20,000   2. New York State Teachers Retirement benefits? Most   NYSLRS   pensions are subject to federal income tax  (although some disability benefits are not taxable). NYSLRS pensions are not subject to New York State or local income tax, but if you move to another state, that state may tax your pension. Therefore, these retirement benefits are exempt from New York income tax.   3. California State Teachers Retirement benefits? No, to qualify for full exclusion-the pension must be from a NYS or local government pension.  However, if you meet the age requirement-the pension may qualify for pension and annuity income exclusion of up to $20000.   The link below will provide you this information. https://www.tax.ny.gov/pdf/volunteer/ty2018/co-60.pdf   ... View more

The IRS is still behind processing returns.  Normally an amended returns take  up to 16 weeks  to process. It can take up to three weeks from the date you mailed it to show up in our system.    Please use the link below to check the status of your amended return.  If it has been processed, it will show up & give you additional info about it.   https://www.irs.gov/filing/wheres-my-amended-return   ... View more