--- title: Machen McChesney Blog | Individual Tax (2) description: Individual Tax | (2) --- [Family of Services](http://machenmcchesney.com/about-us/family-of-companies/)  |  [CPA & Business Advisory](http://machenmcchesney.com)  |  [Payroll, HR & Benefits](http://focuspaysolutions.com/)  |  [Wealth Management](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) Auburn-Opelika (334) 887-7022 | Montgomery (334) 244-8900 [![mm-re-cobrand-fd-blues](https://info.machen.cpa/hs-fs/hubfs/mm-re-cobrand-fd-blues.png?width=279&height=100&name=mm-re-cobrand-fd-blues.png)](http://machenmcchesney.com) Search this site on Google Search Google Search this site on Google Search Google - [Client Portal](https://machenmcchesney.sharefile.com/Authentication/Login) - [1040 Electronic Organizer](https://www.my1040data.com/account/login/HT7902990) - [LinkedIn](https://www.linkedin.com/company/675439?trk=tyah&trkInfo=idx%3A1-1-1%2CtarId%3A1424436970395%2Ctas%3Amachen+mcchesney) - [Facebook](https://www.facebook.com/machenmcchesney) - [Google](https://plus.google.com/101356546927388458481) - [Twitter](https://twitter.com/machenmcchesney) - About Us - [Welcome](http://machenmcchesney.com/about-us/welcome/) - [Affiliations and Associations](http://machenmcchesney.com/about-us/affiliations-and-associations/) - [Community Events](http://machenmcchesney.com/about-us/community-events/) - [Family of Companies](http://machenmcchesney.com/about-us/family-of-companies/) - [History](http://machenmcchesney.com/about-us/firm-profile-history/) - [Mission and Values](http://machenmcchesney.com/about-us/mission-and-values/) - [Team Directory](http://machenmcchesney.com/about-us/team-directory/) - Services - [Accounting & Outsourcing](http://machenmcchesney.com/services/accounting-outsourcing/) - [Audit and Assurance Services](http://machenmcchesney.com/services/audit-assurance/) - [Business Advisory Services](http://machenmcchesney.com/services/business-advisory/) - [Business Valuation Services](http://machenmcchesney.com/services/business-valuation-services/) - [Family Office Services](http://machenmcchesney.com/services/family-care/) - [Financial Planning & Wealth Mangement Services](http://machenmcchesney.com/services/financial-planning-and-wealth-mangement-services/) - [Individual Services](http://machenmcchesney.com/services/individuals/) - [Taxation](http://machenmcchesney.com/services/taxation/) - Who We Serve - [Construction & Real Estate](http://machenmcchesney.com/industries/construction-real-estate/) - [Credit Unions](http://machenmcchesney.com/industries/credit-unions/) - [Government & Not-For-Profits](http://machenmcchesney.com/industries/governmental-not-for-profit/) - [Healthcare & Professional Services](http://machenmcchesney.com/industries/healthcare-and-professional-services/) - [Hospitality, Restaurant & Retail](http://machenmcchesney.com/industries/hospitality-restaurant-retail/) - [Manufacturing, Distribution & Automotive](http://machenmcchesney.com/industries/manufacturing-distribution-automotive/) - [Success Stories](http://machenmcchesney.com/success-stories) - Resources - [Blog](https://info.machenmcchesney.com/blog) - [E-Newsletter Archive](http://machenmcchesney.com/resources/e-newsletter-archive/) - [Financial Calculators](http://machenmcchesney.com/resources/financial-calculators/) - [Financial Terms Glossary](http://machenmcchesney.com/resources/financial-terms-glossary/) - [Helpful Articles](http://machenmcchesney.com/resources/newsletter/) - [Tax Calendar](http://machenmcchesney.com/resources/tax-calendar/) - [Tax Links](http://machenmcchesney.com/resources/tax-links/) - [Track Your Refund](http://machenmcchesney.com/resources/track-your-refund/) - [Sign Up for Our E-Newsletter](http://machenmcchesney.com/resources/e-newsletter/) - [Subscribe to Our Blog](http://machenmcchesney.com/resources/subscribe-to-the-machen-mcchesney-blog/) - News & Events - [Press Releases](http://machenmcchesney.com/news-events/press-releases/) - [Upcoming Events](http://machenmcchesney.com/news-events/upcoming-events/) - Careers - [Our Culture](http://machenmcchesney.com/careers/culture/) - [Benefits](http://machenmcchesney.com/careers/benefits/) - [Our Stories](http://machenmcchesney.com/careers/our-stories/) - [Current Openings](http://machenmcchesney.com/careers/current-openings-send-resume/) - [Accounting Internship Opportunities](http://machenmcchesney.com/careers/students/) - Contact Us - [Auburn-Opelika Office](http://machenmcchesney.com/contact-us/contact-us-auburn-office/) - [Montgomery Office](http://machenmcchesney.com/contact-us/contact-us-montgomery-office/) # Returning Value Blog ## [Tax Planning Ideas for All Seasons](https://info.machen.cpa/blog/tax-planning-ideas-for-all-seasons) ![](https://info.machen.cpa/hubfs/Lesley%20Price%202025%20update.jpg) Posted by [Lesley L. Price, CPA](https://info.machen.cpa/blog/author/lesley-l-price-cpa) on May 03, 2022 [![](https://info.machen.cpa/hubfs/Tax%202022-1350200275-1.jpeg)](https://info.machen.cpa/blog/tax-planning-ideas-for-all-seasons) The end of any tax year is a natural time to consider tax planning ideas for the year ahead — and beyond. What tax-related changes should you be aware of this year? We expect to see adjustments to tax brackets and other minor changes to the tax code. But the prospects for more impactful developments in the tax environment are still unclear. [Full Story](https://info.machen.cpa/blog/tax-planning-ideas-for-all-seasons) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [Check Your Withholding Now](https://info.machen.cpa/blog/check-your-withholding-now) ![](https://info.machen.cpa/hubfs/Tracey%20Strickland%202025%20update%20.jpg) Posted by [Tracey C. Strickland](https://info.machen.cpa/blog/author/tracey-stricklan) on Feb 18, 2022 [![](https://info.machen.cpa/hubfs/W4-1197689982-1.jpeg)](https://info.machen.cpa/blog/check-your-withholding-now) The IRS urges everyone to complete a paycheck checkup to make sure they are withholding the right amount of tax from their paychecks. You can check out the **IRS Tax Withholding Estimator** to help navigate the complexities of multiple employer tax situations and determine the correct amount of tax for each employer to withhold. [Full Story](https://info.machen.cpa/blog/check-your-withholding-now) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [White House Unveils Plan to Help American Families Funded by Tax Increases on Wealthy](https://info.machen.cpa/blog/white-house-unveils-plan-to-help-american-families-funded-by-tax-increases-on-wealthy) ![](https://info.machen.cpa/hubfs/Mike%20Machen%202025%20Update.jpg) Posted by [Michael D. Machen, CPA, CVA](https://info.machen.cpa/blog/author/michael-d-machen-cpa-cva) on May 13, 2021 [![](https://info.machen.cpa/hubfs/white%20house%201-1021174622-1.jpeg)](https://info.machen.cpa/blog/white-house-unveils-plan-to-help-american-families-funded-by-tax-increases-on-wealthy) On April 28, 2021, the Biden administration unveiled a $1.8 trillion plan to provide assistance to middle- and low-income families that would be largely funded by tax increases on wealthy Americans. The plan is expected to be fleshed out during President Biden’s first address to a joint session of Congress.  [Full Story](https://info.machen.cpa/blog/white-house-unveils-plan-to-help-american-families-funded-by-tax-increases-on-wealthy) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [IRS to Recalculate Taxes for Unemployment Break](https://info.machen.cpa/blog/irs-to-recalculate-taxes-for-unemployment-break) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Apr 07, 2021 [![](https://info.machen.cpa/hubfs/unemployment%201294579218-1.jpeg)](https://info.machen.cpa/blog/irs-to-recalculate-taxes-for-unemployment-break) The legislation signed in March allows taxpayers who earned less than $150,000 in modified adjusted gross income to exclude unemployment compensation up to $20,400 if married filing jointly and $10,200 for all other eligible taxpayers. The legislation excludes only 2020 unemployment benefits from taxes. [Full Story](https://info.machen.cpa/blog/irs-to-recalculate-taxes-for-unemployment-break) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [What Individuals Need to Know About the American Rescue Plan Act](https://info.machen.cpa/blog/what-individuals-need-to-know-about-the-american-rescue-plan-act) ![](https://info.machen.cpa/hubfs/Mike%20Machen%202025%20Update.jpg) Posted by [Michael D. Machen, CPA, CVA](https://info.machen.cpa/blog/author/michael-d-machen-cpa-cva) on Mar 18, 2021 [![](https://info.machen.cpa/hubfs/American%20Flag%20spelling%20the%20word%20tax-1139272489-1.jpeg)](https://info.machen.cpa/blog/what-individuals-need-to-know-about-the-american-rescue-plan-act) The [American Rescue Plan Act of 2021](https://www.congress.gov/117/bills/hr1319/BILLS-117hr1319eas.pdf) (ARPA), signed into law by President Biden on March 11, 2021, provides additional major relief to individuals and businesses that continue to be impacted by the COVID-19 pandemic. The ARPA includes the following provisions related to individual taxpayers:​ [Full Story](https://info.machen.cpa/blog/what-individuals-need-to-know-about-the-american-rescue-plan-act) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax), [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## ["No Surprises Act" Protects Patients From Unexpected Medical Costs](https://info.machen.cpa/blog/no-surprises-act-protects-patients-from-unexpected-medical-costs) ![](https://info.machen.cpa/hubfs/Jessica%20Pagan%202025%20update%20.jpg) Posted by [Jessica L. Pagan, CPA](https://info.machen.cpa/blog/author/jessica-l-pagan-cpa) on Feb 05, 2021 [![](https://info.machen.cpa/hubfs/Medical%20Billing-1093086110-1.jpeg)](https://info.machen.cpa/blog/no-surprises-act-protects-patients-from-unexpected-medical-costs) According to research, millions of Americans [receive](https://www.healthsystemtracker.org/brief/an-examination-of-surprise-medical-bills-and-proposals-to-protect-consumers-from-them-3/) a surprise medical bill each year, most often as a result of emergency room visits where out-of-network providers perform services at an in-network facility. While the average surprise bill is roughly $600, bills can reach into the tens of thousands. In fact, a COVID-19 patient received a surprise air ambulance bill that was over $52,000. [Full Story](https://info.machen.cpa/blog/no-surprises-act-protects-patients-from-unexpected-medical-costs) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [IRS Releases 2021 Amounts for Health Savings Accounts](https://info.machen.cpa/blog/irs-releases-2021-amounts-for-health-savings-accounts) ![](https://info.machen.cpa/hubfs/1781__Lisa_Albritton_WEB.jpg) Posted by [Lisa Albritton](https://info.machen.cpa/blog/author/lisa-albritton) on May 26, 2020 [![](https://info.machen.cpa/hubfs/health-wealth-1142945282-1.png)](https://info.machen.cpa/blog/irs-releases-2021-amounts-for-health-savings-accounts) The IRS recently released the 2021 inflation-adjusted amounts for Health Savings Accounts (HSAs).  [Full Story](https://info.machen.cpa/blog/irs-releases-2021-amounts-for-health-savings-accounts) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [Do You Run Your Business From Home? You Might Be Eligible for Home Office Deductions](https://info.machen.cpa/blog/do-you-run-your-business-from-home-you-might-be-eligible-for-home-office-deductions) ![](https://info.machen.cpa/hubfs/Marty%20Williams%202025%20update.jpg) Posted by [Marty Williams, CPA](https://info.machen.cpa/blog/author/marty-williams-cpa) on Mar 04, 2020 [![](https://info.machen.cpa/hubfs/Home%20office-1163891228-1.png)](https://info.machen.cpa/blog/do-you-run-your-business-from-home-you-might-be-eligible-for-home-office-deductions) If you’re self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules.  [Full Story](https://info.machen.cpa/blog/do-you-run-your-business-from-home-you-might-be-eligible-for-home-office-deductions) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax), [Business Tax](https://info.machen.cpa/blog/topic/business-tax) ## [Stop Tax Id Theft!](https://info.machen.cpa/blog/stop-tax-id-theft) ![](https://info.machen.cpa/hubfs/1781__Lisa_Albritton_WEB.jpg) Posted by [Lisa Albritton](https://info.machen.cpa/blog/author/lisa-albritton) on Feb 14, 2020 [![](https://info.machen.cpa/hubfs/Tax%20ID%20Theft%20small.jpg)](https://info.machen.cpa/blog/stop-tax-id-theft) Tax season is here and so are the fraudsters. Tax ID fraudsters are using stolen Social Security numbers to file phony tax returns and steal tax refunds. [Full Story](https://info.machen.cpa/blog/stop-tax-id-theft) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) ## [IRS Waives Penalties for Many Taxpayers Whose 2018 Withholdings Was Not Enough.](https://info.machen.cpa/blog/irs-waives-penalties-for-many-taxpayers-whose-fell-short-by-underwithholding-in-2018) ![](https://info.machen.cpa/hubfs/1781__Lisa_Albritton_WEB.jpg) Posted by [Lisa Albritton](https://info.machen.cpa/blog/author/lisa-albritton) on Mar 21, 2019 [![](https://info.machen.cpa/hubfs/Income%20Tax-506900148%20(4)-1.png)](https://info.machen.cpa/blog/irs-waives-penalties-for-many-taxpayers-whose-fell-short-by-underwithholding-in-2018) The Tax Cuts and Jobs Act (TCJA) brought with it many tax changes for 2018. Those changes left many taxpayers unaware of the caps on state and local tax deductions, the elimination of reimbursed job expenses and the suspension of dependency exemptions, just to name a few. To add to the mix, after Congress passed the law, new withholding tables were not available to employers until mid-January and some did not see the switch in withholding until mid-February. Based on all of these changes, taxpayers are finding themselves below the 90% threshold and therefore would have to pay a penalty.  [Full Story](https://info.machen.cpa/blog/irs-waives-penalties-for-many-taxpayers-whose-fell-short-by-underwithholding-in-2018) Posted in [Individual Tax](https://info.machen.cpa/blog/topic/individual-tax) [Previous](https://info.machen.cpa/blog/topic/individual-tax/page/1) [Next](https://info.machen.cpa/blog/topic/individual-tax/page/3) Search this site on Google Search Google ### Recent Posts ### Subscribe to Blog ### Posts by Category - [Business Tax (356)](https://info.machen.cpa/blog/topic/business-tax) - [Business Advisory (239)](https://info.machen.cpa/blog/topic/business-advisory) - [Payroll, HR & Benefits (124)](https://info.machen.cpa/blog/topic/payroll-hr-benefits) - [Audit & Assurance (113)](https://info.machen.cpa/blog/topic/audit-assurance) - [Accounting & Outsourcing (81)](https://info.machen.cpa/blog/topic/accounting-outsourcing) - [Individual Tax (75)](https://info.machen.cpa/blog/topic/individual-tax) - [Tax Planning (33)](https://info.machen.cpa/blog/topic/tax-planning) - [Tax Updates (25)](https://info.machen.cpa/blog/topic/tax-updates) - [Retirement & Wealth Management Planning (18)](https://info.machen.cpa/blog/topic/retirement-wealth-management-planning) - [Taxation (15)](https://info.machen.cpa/blog/topic/taxation) - [Alerts (13)](https://info.machen.cpa/blog/topic/alerts) - [Business Valuation (11)](https://info.machen.cpa/blog/topic/business-valuation) - [News & Events (11)](https://info.machen.cpa/blog/topic/news-events) - [Tax News (11)](https://info.machen.cpa/blog/topic/tax-news) - [Individual Tax Planning (10)](https://info.machen.cpa/blog/topic/individual-tax-planning) - [Not For Profit (10)](https://info.machen.cpa/blog/topic/not-for-profit) - [Retirement Planning (9)](https://info.machen.cpa/blog/topic/retirement-planning) - [Estate Planning (8)](https://info.machen.cpa/blog/topic/estate-planning) - [Manufacturing Industry Insights (7)](https://info.machen.cpa/blog/topic/manufacturing-industry-insights) - [Individuals (1)](https://info.machen.cpa/blog/topic/individuals) - [Insider (1)](https://info.machen.cpa/blog/topic/insider) - [Professional Standard News (1)](https://info.machen.cpa/blog/topic/professional-standard-news) see all [![Returning\_Value](https://info.machen.cpa/hs-fs/file-2504250850-jpg/Machen-Blog-Image/Returning_Value.jpg)](http://machenmcchesney.com/about-us/mission-and-values/) - [![AICPA](https://machenmcchesney.com/img/logos/aicpa.jpg)](https://www.aicpa-cima.com/) - [![NACVA](https://machenmcchesney.com/img/logos/nacva.jpg)](http://www.nacva.com/) - ![2026 INSIDE Public Accounting Top 400](https://machenmcchesney.com/img/2026-ipa-top-400.jpg) - ![2026 Best of Auburn-Opelika](https://machenmcchesney.com/img/2026-best-of-auburn-opelika.jpg) - [![2025 Best of OA](https://machenmcchesney.com/img/2025-best-of-oa.jpg)](https://oanow.com/exclusive/readerschoice/ballot-2025/) - ![2026 Best of OA Winner](https://machenmcchesney.com/img/2026-best-of-oa-winner.jpg) - [![2025 Accounting Today Regional Leaders](https://machenmcchesney.com/img/2025-accounting-today-regional-leaders.jpg)](https://www.accountingtoday.com/) - [![ClearlyRated Best of Accounting](https://machenmcchesney.com/img/2024-best-of-accounting.jpg)](https://www.clearlyrated.com/accounting) - [![ClearlyRated Best of Accounting Employee](https://machenmcchesney.com/img/2024-best-of-accounting-employee.jpg)](https://www.clearlyrated.com/accounting) 1820 East University Drive, Auburn, AL 36830 | Tel: (334) 887-7022 | Fax: (334) 887-7221 1761 Taliaferro Trail, Montgomery, AL 36117 | Tel: (334) 244-8900 | Fax: (334) 364-0927 † This is not a CPA firm. \* Assurance, attest, and audit services provided by Frazier & Deeter, LLC. “Frazier & Deeter” is the brand name under which Frazier & Deeter, LLC\* and Frazier & Deeter Advisory, LLC† and its subsidiary entities provide professional services. 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