DYER CPA Tax Season 2023

Author: Mock Webware |

Blog and Newsletter by Dyer & Associates CPA, PLLC

The new tax year is here and here are some of the changes for 2023.

Business Tax Returns - due by March 15, 2023

Individual Tax Return - due by April 18, 2023

Tax Return Extension is due by October 16, 2023

Higher Standard Deduction for 2022

When you pay taxes, you can either take the standard deduction or itemize your deductions (calculate your deductions one by one). This has been adjusted slightly for inflation.

Filing Status 2022
Single $12,950
Married Filing Jointly $25,900
Married Filing Separately $12,950
Head of Household $19,400

Tax Appointment Checklist Items

  • Birthday information and Social Security Number or ITIN number for everyone on the tax return
  • Last year’s tax return
  • W-2’s and 1099 forms, interest income, other taxable income
  • Proof of expenses (Receipts if you plan to itemize) Education Expenses (1098T), Student Loan Interest (1098E), Mortgage Interest, Property taxes for real or personal property, energy efficient upgrades (Form 5695),
  • Charitable Contributions
  • Self-Employment expenses
  • Childcare expenses
  • Health care expenses, Health savings account contributions (form 5498SA)
  • IRA contributions (Form 5498)
  • Job-Related Educational Expenses
  • For a more comprehensive list go to our website www.dyer-cpa.com under our resources tab and refer to tax appointment checklist.