State and Local Sales Tax Deduction Remains, But Subject to a New Limit
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct […]
Taxes
Business, Taxes
Can You Deduct Home Offices Expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct
Taxes
Personal Exemptions and Standard Deductions and Tax Credits, Oh My!
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But
Taxes
Don’t Be a Victim of Tax Identity Theft: File Your 2017 Return Early
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more
Taxes
Most Individual Tax Rates Go Down Under the TCJA
The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual
Taxes
Tax Cuts and Jobs Act: Key Provisions Affecting Individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called
Investment, Retirement, Taxes
401(k) Retirement Plan Contribution Limit Increases for 2018; Most Other Limits Are Stagnant
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for
Taxes
What You Need to Know About Year-end Charitable Giving in 2017
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete
Taxes
7 Last-Minute Tax-Saving Tips
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax
Investment, Taxes
Even If Your Income is High, Your Family May be Able to Benefit From the 0% Long-term Capital Gains Rate
We’re entering the giving season, and if making financial gifts to your loved ones is part of your plans —