Year End Tax Planning - Personal

January 2022

Dear Friends,

HAPPY NEW YEAR! We hope that 2021 was better than 2020 for you and your family. Meanwhile, it’s TAX TIME! There have been many tax changes affecting your tax return for 2022.

COVID-19 continues to impact your tax filing with the passing of the American Rescue Act (ARP) in March 2021 and Consolidated Appropriations Act (CAA). Some of the changes in these bills went into effect in the middle of tax season last year. Some important changes include:

  • Rebate Tax Credit includes the third stimulus payment and will again need to be reconciled on your 2021 return. Please provide the IRS Letter 6475 or the amount you received.
  • Child Tax Credit has significant changes. For 2021, the CTC increased from $2,000 to $3,000 or $3,600 if under 6. Furthermore, the IRS was required to make advance payments each month to qualifying families. If you received advanced payments, you must provide us Letter 6419 with those payments.
  • Dependent Care Credit also saw favorable changes, including making the credit refundable and increasing the expenses eligible.
  • CASH Charitable Donations are now $300 ($600 for joint return) for non-itemizers.
  • SCAM ALERT! Please remember, the IRS or state will never email or call you. Do not give anyone your personal information or make any payments over the phone.
  • IDENTITY THEFT If you have been a victim, please make sure we have your IRS PIN number to electronically file your return. The IRS sends out a new PIN each year.

If you would like a 2021 TAX ORGANIZER, please contact our office and we will send one to you. Please sign the enclosed engagement letter and complete the questionnaire. This helps us prepare a complete and accurate return. Start gathering all your information. When you have it, you can drop it off, mail, fax, email or upload on our portal. Please give us your ORIGINALS OF ALL DOCUMENTS. No staples please.

Over the past year, we have integrated a client portal. This will allow us to securely exchange documents with our clients. If you would like to work directly with us through this option, please email and she will set you up with a direct link.

Remember that we offer a full range of professional services and can help you with financial, estate and retirement planning, as well as health, life, disability, and long-term care insurance. Please visit for more information. In addition, our expansive list of business clients allows us to recommend a wide array of professionals in the construction, service, retail, and wholesale trades. Please feel free to contact us if we can help.

I again want to THANK YOU for putting your faith in me and the gang; Kim, Maryellen, Stacey, Julie, Ronnie, Bill, Phil and Tony. It really means a lot. As always, if you have any questions, do not hesitate to give us a call or visit our website at



341 E. Lancaster Avenue, Downingtown, PA 19335 • 610-269-6833 • 610-269-7983 (Fax)
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