Page 18 THE MALDEN ADVOCATE–Friday, January 27, 2023 ~ LEGAL NOTICE ~ CITY OF MALDEN CABLE TELEVISION LICENSE RENEWAL PUBLIC HEARING CHILD TAX CREDIT FOR 2022 17 or older at the end of calendar year 2022. The child tax credit begins to phase out when modified adjusted gross income reaches $400,000 for joint filers, and $200,000 for any other filing status. The tax credit is reduced by $50 for each $1,000 of income over these thresholds. A portion of the child tax credT he child tax credit in the amount of $2,000 per qualifying child is allowed for calendar year 2022. A qualifying child for purposes of the child tax credit is a child who: 1. is claimed as your dependent on your tax return; 2. was under the age of 17 at the end of 2022; 3. is your (a) son, daughter, adopted child, stepchild or a descendent of any of them (for example, your grandchildren); (b) brother, sister, stepbrother, stepsister, or a descendent of any of them (for example, your niece or nephew), whom you cared for as you would your own child; or (c) foster child (any child placed with you by an authorized placement agency whom you cared for as you would your own child, and 4. is a U.S. citizen or resident alien. An adopted child is always treated as our own child. An adopted child includes a child placed with you by an authorized placement agency for legal adoption even if the adoption is not final. An authorized placement agency includes any person or court authorized by state law to place children for legal adoption. Remember, the child tax credit is a dollar for dollar tax credit and not simply a deduction to be utilized in order to reduce your otherwise taxable income. It was the Tax Cuts and Jobs Act passed by Congress in 2017 that provided for the increase from $1,000 to $2,000. There is a $500 tax credit allowed for each qualifying child for whom the credit is not otherwise allowed and for each qualifying relative. An example might be a parent that you are caring for or a child who happens to be age it is refundable for all taxpayers, regardless of the amount of the taxpayer’s regular tax or alternative minimum tax liability. For calendar year 2022, the additional child tax credit is refundable in an amount equal to the lesser of the portion of the child tax credit the taxpayer cannot claim due to the tax liability limitation or 15% of the taxpayer’s earned income in excess of $2,500. If the taxpayer has 3 or more qualifying children, the threshold for the second calculation is the excess of the taxpayer’s share of social security taxes over his or her earned income credit, if that excess is greater than 15% of the taxpayer’s earned income over $2,500. The additional child tax credit may not exceed $1,500 per qualifying child under the age of 17. The $500 partial credit for any other dependent is not refundable. The additional child tax credit is claimed on Form 8812. Do not overlook this valuable tax credit when preparing your income tax return. It is a valuable “dollar for dollar” tax credit which can reduce your tax liability substantially. It is much more valuable than a “tax deduction” which will only serve to reduce taxable income. If, for example, you are only in a 22% tax bracket, a $1,000 deduction would save only $220 in taxes. The child tax credit as well as the additional child tax credit for 2022 is not as high as it was on the 2021 tax return. Congress increased the 2021 child tax credit to $3,600 for children under age 6 and $3,000 for children ages 6 to 17 due to Covid 19, but chose not to extend the increases for the 2022 calendar year. Joseph D. Cataldo is an estate planning/elder law attorney, Certified Public Accountant, Certified Financial Planner, AICPA Personal Financial Specialist and holds a master’s degree in taxation. The City of Malden, by the Mayor as the statutory Cable License Issuing Authority, will hold a cable license renewal public hearing on Monday February 13th, 2023 at 5 p.m. pertaining to Comcast Cable Communications Management, LLC (Comcast) and the possible issuance of a cable television renewal license to Comcast. Please note that this public hearing will be virtual and can be attended by desktop, laptop, tablet or phone via the following link or number(s): ZOOM WEBINAR When: Feb 13th, 2023 05:00 PM Eastern Time (US and Canada) Topic: Comcast License Public Hearing Please click the link below to join the webinar: https://cityofmalden.zoom.us/j/94700213141?pwd=aysvT3drT041MnZJeVFHVlV5VEpZ dz09 Passcode: 110536 Or Telephone: Dial 1 (929) 436-2866 or 1 (646) 518-9805 Webinar ID: 947 0021 3141 Passcode: 110536 This proceeding is held pursuant to federal law 47 USC 546 and possible final action to approve the license may be considered and taken by the Issuing Authority. Public comment on local cable needs and past performance of Comcast is invited and shall be allowed by electronic video and audio conference platforms as set forth above. Copies of City license renewal documents may be made available for public inspection at the Office of the City Clerk or by contacting Ron Hogan @rhogan@cityofmalden.org. By order of the Mayor as statutory License Issuing Authority. January 27, 2023 NSPECTIONAL SERVICES 215 Pleasant Street, Room 330 Malden, Massachusetts 02148 (781) 397-7000 ext. 2044 City of Malden Massachusetts MALDEN PLANNING BOARD PUBLIC HEARING The Malden Planning Board will hold a public hearing in the Herbert L. Jackson Council Chamber, Malden City Hall, 215 Pleasant Street, Malden, MA at 7:00 P.M. on Wednesday, February 8, 2023 on the petition of Ronie Teixeira of Ronie Construction Inc. (Permit Application #CMID 050516-2022) seeking a special permit under Title 12, Chapter 28, Section 010(D)(1) of the Code of the City of Malden, to alter, structurally change, extend and change use of a preexisting nonconforming property in the Residence A zoning district, namely, to construct a dormer and addition to the third floor, construct a three-story porch/deck, renovate and convert the existing building from medical laboratory use to a three-family dwelling, at the property known as and numbered, 410 Ferry Street, Malden and by City Assessor’s Parcel ID# 084 403 301. Petition and plans are available for public review in the Inspectional Services Department, City Hall, 215 Pleasant Street, Room 330, Malden, MA and on the City website under Permit Application # CMID 050516-2022 at https://maldenma-energovweb.tylerhost.net/apps/SelfService#/home By: Diane Chuha Clerk January 20, 27, 2023 REAL ESTATE TRANSACTIONS BUYER1 DEJESUS, MARCIO KOFFI, NJOM S LIAO, YUWEI TSENG, CHIEH-EN BUYER2 SAKWE, EMILIA WU, LEI LI, LUN SELLER1 MUNOZ, STEVEN DAUENHAUER, JOSEPH CHEN, SI K LUO, JIANYING SELLER2 MICCICHE, PHYLLIS VISINI, CLAUDIA DING, TAO Copyrighted material previously published in Banker & Tradesman/The Commercial Record, a weekly trade newspaper. It is reprinted with permission from the publisher, The Warren Group. For a searchable database of real estate transactions and property information visit: www.thewarrengroup.com. ADDRESS 114 ELWELL ST 150-152 OLIVER ST 424-426 PLEASANT ST #12 793 MAIN ST #2 CITY MALDEN MALDEN MALDEN MALDEN DATE 01.05.23 01.03.23 01.06.23 01.06.23 PRICE 400000 750000 189000 338000
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