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Business Mileage rates: 1/1/22—06/01/22 $.58 | 06/01/22—12/31/22 $.62
Include your Covid home test and PPE equipment in your medical expenses
Personal exemption suspension-2018-2025
20% deduction for qualifying business income- 2018-2025
2023 Standard deduction increases to:
27,700– Married filing joint | 13,850-Single | 20,800– head of household
2023 Annual gift tax exclusion 16,000
Virtual Currency- a digital representation of value that functions as a medium of exchange, a unit of account, and a store of value other than representation of the U.S. dollar or a foreign currency.
Cryptocurrency- a type of virtual currency that utilizes cryptography to secure transactions that are digitally recorded on a distributed ledger, such as blockchain. Units of cryptocurrency are generally referred to as coins or tokens.
with any questions you may have.
3100 Lorna Rd
Birmingham, AL 35216
JMB Tax and Accounting, LLC is an American accounting firm that is passionate about assisting individuals and small businesses with tax preparation. We also provide consulting services to structure entities and solve tax controversy. Our goal is to save you valuable time and alleviate any stress while accomplishing your accounting goals. We appreciate your business and loyalty.
-John Brown, E.A.