Better Days Financial Services

Were you self employed in 2020/2021, impacted by COVID-19 in one of the ways listed below, AND DID NOT claim the SETC (Self Employment Tax Credit) on your 2021 tax return? If so, you may STILL be eligible for a credit UP TO $32,000.

Ways in which individuals may have been directly or indirectly impacted by COVID-19:

●Forced to quarantine

●Provided caregiving services

●Government Orders

●School & Daycare Disruption

●Supply Chain Issues, Industry / Business Closures

self employed statuses that qualify:

●Sole Proprietors

●1099 Contractors

●Freelancers

●Single-Member LLCs

●Gig Workers

●Partnerships

***Sub S-Corps, True S-Corps, And C-Corps are ***

This is a loan or grant! It's a tax credit specifically designed to aid self-employed individuals impacted by the pandemic.

Schedule your consultation TODAY at www.betterdaysfinancial.com to see if you qualify.

However, scheduling a consultation, PLEASE LOOK AT YOUR 2021 TAX RETURN TO ENSURE that you DID NOT receive these funds as part of your 2021 refund.

Thank you!

Good morning. I've gotten this question SEVERAL times over the years and I realized that I never addressed it here. Let's get into it!

: Is my plastic surgery tax deductible as a medical expense.

: In MOST cases, the answer is "No". HOWEVER, it depends on the circumstances behind your cosmetic procedure. If it was deemed medically necessary by your healthcare provider, then the out of pocket expenses could potentially be claimed on your taxes. In this case, substantial proof from your doctor MUST be provided. If you did it STRUCTLY for personal gratification, the expenses CAN NOT be claimed as a tax deductible medical expense.

: Let's say that you have an "Only Fans" page where you showcase your b***s and opt for implants to increase your reach.

In this case, again, you can't itemize it as an out of pocket medical expense. HOWEVER, it's 100% a BUSINESS expense. When you submit your 1099-NEC to your tax preparer, PLEASE be sure to submit your receipt for your implants.

I hope this helps regarding this topic going forward. Feel free to ask any questions.

Greetings! If you have children that were UNDER age 17 by the end of 2023, you might want to wait before you file your 2023 tax return‼️

Today, Congress introduced a bipartisan tax agreement to increase the child tax credit for the 2023 tax year. If it passes, the plan would increase the refundable credit and add future inflation adjustments through the 2025 tax year.

A decision SHOULD be made by the commencement of tax season, January 29, 2024. Hopefully, they'll reach a FAVORABLE ageeement SOONER rather than later.🤞🏾

Congress announces major tax deal to expand child tax credit and revive breaks for businesses The bipartisan agreement between the House and the Senate tackles priorities for both parties.