In early 2022, the following take place:

• Helen decides that she wants to live with one of her daughters and moves to Arizona.
• Asher graduates from dental school and joins an existing practice in St. Louis.
• Mia marries, and she and her spouse move in with his parents.
• Using the insurance proceeds he received on Daniel's death, Logan pays off the mortgage on his personal residence.

Logan believes that these events may have an effect on his tax position for 2022. Therefore, he requests your advice. Complete the letter to Logan explaining in general terms the changes that will occur for tax purposes. Assume that Logan's salary and other factors not mentioned (e.g., property and state income taxes) will remain the same. The standard deduction for qualifying widower is $25,900, for head of household $19,400 and for single $12,950 in 2022. Use the 2022 tax rate schedules (click here) in projecting Logan's tax for 2022.

SWFT, LLP 5191 Natorp Boulevard Mason, OH 45040

February 28, 2022

Mr. Logan B. Taylor 4680 Dogwood Lane Springfield, MO 65801

Dear Mr. Taylor:

In response to your inquiry regarding the Federal income tax situation for 2022, the news

isis notis not

favorable. The following developments will cause

a decreasean increasean increase

in your taxes:

• Your filing status moves from surviving spouse to. The result is a shift from theprogressive tax rates.
• The capital loss deduction is $fill in the blank fa2be4014ffb056_5 which is $fill in the blank fa2be4014ffb056_6 less than last year.
• For various reasons,no longer qualify as dependents.
• Because of these changes you will benefit from.

itemizing your deductionstaking the standard deductiontaking the standard deduction

only your motheronly your childrenyour children and motheryour children and mother

highest to the lowestlowest to the highestlowest to the highest

head of householdsinglesingle

Based on last year's data, an estimate of your Federal income tax liability for 2022 is

$8,128$9,984$10,236$10,236

. If I can be of further assistance to you in this matter, please do not hesitate to contact me.

Sincerely, Eduardo Rodriguez Partner