Tuesday, December 27, 2022

Lower income tax payers to be penalized in Joe's new Tax Code

IRS Issues Warning About 2022 Tax Returns

Chances are you won’t be too happy about the IRS’s latest warning.

A number of new changes to the tax code this year are having a downward effect on the size of the average American’s tax return.

In other words, your tax return will probably be smaller this year.

For one, Economic Impact Payments are no longer in effect; second, taxpayers can no longer deduct certain charitable contributions.

In addition, the Democratic Party’s American Rescue Plan Act of 2021 now allows the government to take a bigger cut of earnings passed through payment processors.

Read how Joe is going to take your money

Well, someone has to pay for the war in Ukraine and for the millions of illegals crossing our border.

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