Issue link: https://info.seic.com/i/1499994
2022 - - Tax Report 3/4 You deducted mortgage interest on your tax return. Given the high standard deduction, itemized deductions on mortgage interest are less valuable than they once were. Your tax return does not list any HSA contributions. If you are eligible to contribute to an HSA, you will get a tax deduction, regardless of whether you itemize or take the standard deduction. Keep track of your home improvement expenses for determining your adjusted cost basis in the event of a home sale. Your return shows a tax refund. If you find yourself in the same position in a future year, you have the option to apply up to $5,000 of that refund to purchase Series I Savings Bonds. Disclaimer For Intermediary Use Only. Not For Public Distribution Information provided by Independent Advisor Solutions by SEI, a strategic business unit of SEI Investments Company (SEI). This report is provided for illustrative purposes. It is not intended to be used as the sole basis for financial decisions, nor should it be construed as advice designed to meet the particular needs of an individual's situation. Please keep in mind, taxable events may be irrevocable and may impact other facets of your overall finances, including (but not limited to) a need for additional tax withholding or estimated tax payments, the loss of certain tax deductions and credits, and higher taxes on Social Security benefits and higher Medicare premiums. The firm providing you with this report does not provide tax or legal advice and all individuals are encouraged to seek the guidance of qualified tax professionals prior to making any decisions about their personal situation. Data and calculations used to produce this report are provided solely by Holistiplan, the accuracy and completeness of which have not been independently veried by the SEI, based upon the tax return provided. Holistiplan is not aliated with SEI or its subsidiaries. Neither SEI nor its aliates provide tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor. This material represents an assessment of the market environment at a specic point in time and is not intended to be a forecast of future events, or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice. This information is for educational purposes only and should not be interpreted as legal opinion or advice. NIIT = AGI + Excluded Foreign Earned Income Coverdell, Lifetime Learning, American Opportunity, Child Tax Credit MAGI, Adoption Credit, Saver's Credit = AGI + Excluded Foreign Earned Income + Housing Roth MAGI = AGI - Taxable Roth Conversions + IRA Deduction + Student Loan Interest Deduction + Tuition and Fees Deduction + Excluded Foreign Earned Income + Housing Student Loan Deduction MAGI = AGI not including student loan interest + Excluded Foreign Earned Income + Housing IRA Deduction MAGI = AGI + Student Loan Interest Deduction + Tuition and Fees Deduction + Excluded Foreign Earned Income + Housing