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Tax Changes Under the Build Back Better Plan

Tax Changes Cookeville, TN

The current version of President Biden’s Build Back Better plan includes several changes, some of which include increasing Medicaid availability in certain states, limiting childcare costs for families with young children, and providing free schooling for pre-K students. If enacted, it would also result in a few tax-related changes for the 2022 tax year and…

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How to Fill Out a W-4 Form Correctly

The W-4 form tells your employer how much it should withhold from your check for federal income tax purposes. Filling it out correctly can prevent you from paying too little or too much throughout the year. Here’s what you need to know when completing your W-4. Step 1 Enter your first name and middle initial,…

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Tax Planning for 2021: What You Need to Know

tax planning Cookeville Tennessee

There are only two months left to prepare and plan for your 2021 tax filings. At Sherman & Associates, we want to make this process as simple and painless as possible. So, here’s what you need to know as you are getting ready to finish up the 2021 tax year. The Child Tax Credit Has…

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