FAQ's
Did I withhold enough federal taxes during the year?
Check your withholding at: CALCULATOR
I forgot to file. Can I still get my refund?
Yes, you can as long as you file within 3 years of the date the return was originally due. Example: For tax year 2020, you have until April 15th, 2024 to file and recieve a refund. Three years from the original filing date of April 15, 2021. I have the capability to prepare prior years tax returns if you are in need. Give me a call 425-829-6826.
Tax years 2020 and prior are still due if you are required to file. You just will not get your refund if you were due one.
What is a HSA?
A HSA is a Health Savings Account. An individual can put away $3,650, families $7,300 pretax for 2022. The annual "catch-up" contribution amount for individuals age 55 or older is $1000. Once the funds are in the HSA they can be used to pay for medical expenses, prescriptions, dental, co-pays, or medical deductibles. One nice thing about an HSA is that it rolls to the next year, so if you did not use all of it you will still have the balance come January 1st.
You need to have a high deductible health insurance plan in order to be eligible to contribute to an HSA.
Mileage Rates for 2024
Business .67 cents a mile
Charity .14 cents a mile
Medical/Moving .21 cents a mile
Accounting requirements: You will need to have a mileage log that has the date, purpose and miles driven.
You will need to keep track of your total miles driven on the car as well.