January 18, 2022

Individuals, including freelancers, sole proprietors, self-employed, independent contractors, solopreneuers, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

Please Pay your estimated taxes.

Who Must Pay Estimated Tax:

Individuals, including freelancers, sole proprietors, self-employed, independent contractors, solopreneuers, partners, and S corporation shareholders, generally have to make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed.

Corporations generally have to make estimated tax payments if they expect to owe tax of $500 or more when their return is filed.

New for 2022

401(k), 403(B) MAX CONTRIBUTION $20,500 IF OVER 50 $27,000

TRADITIONAL IRA (SUBJECT TO INCOME LIMITATIONS)

  • Under 50: $6,000
  • If over 50: $7,000

ROTH IRA ( SUBJECT TO INCOME LIMITATIONS):

  • Under 50: $6,000
  • If over 50: $7,000

Lastly, the best way to talk about your personal situation is to make an appointment:

Accepting New Business Clients: Thinking about starting up your own business? Individuals, including freelancers, sole proprietors, self-employed, independent contractors, solopreneuers, partners, and S corporation. Learn about it. Make your appointment today.

TAKE ONE STEP FORWARD

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