JMF Accounting Audit Tax Blog

/JMF Accounting Audit Tax Blog/

The Rx for Medical Deductions

The tax threshold for deducting medical expenses is written in stone…finally. After several years in which the medical deduction threshold jumped back and forth between 7.5% of adjusted gross income (AGI) and 10% of AGI, Congress settled the issue once and for all in the Consolidated Appropriations Act (CAA). Effective as of 2021, the CAA [...]

By |2022-03-01T16:05:21+00:00March 6th, 2022|Individual Tax, News & Events, Press Releases|0 Comments

Adding up Tax Mileage for Charity

Do you travel in your vehicle on behalf of a qualified charitable organization? In lieu of keeping track of your actual expenses, you may use a standard mileage rate of 14 cents per mile, plus related tolls and parking fees, to arrive at the deduction. Unlike the IRS-approved standard mileage rates for business reasons, job-related [...]

By |2022-03-01T15:55:59+00:00March 1st, 2022|Individual Tax, News & Events, Press Releases|0 Comments

Your Electronic Filing and Delivery Options from JMF

 Did you know about all of the electronic offerings associated with your tax return filing? Bank account direct deposit for refunds and direct draft for payments What is it?                           The quickest and safest way to receive your refund or make your tax payment associated with most federal and state tax returns How do I [...]

Estate Planning for Blended Families

It is no longer unusual to have a spouse, children and grandchildren from a second or third marriage encompass a “blended family.” But these additions to the clan can complicate estate planning. Keeping that in mind, the following techniques may be beneficial for blended families: Will: Your will is the centerpiece of your estate plan [...]

2021 Year-End Tax Planning Letter

Tax season is right around the corner, so we want you to be prepared.  As we typically do, we have created this year-end tax planning letter to assist you with certain tips that you should consider before December 31st. This is the time to reassess your overall tax picture for 2021 so you can [...]

OSHA Suspends Emergency Temporary Standard on COVID-19 Vaccinations and Testing for Employers with 100+ Employees

For our client with 100 or more employees, there have been several recent announcements and court rulings related to COVID-19 vaccinations and testing that should be of interest.  On November 4th, OSHA published its Emergency Temporary Standard or "ETS" that established certain minimum vaccine and testing requiremetns for private US employers with 100 or more [...]

By |2021-11-22T16:18:41+00:00November 22nd, 2021|News & Events|0 Comments