The act of itemizing deductions is said to be an effective way of reducing one’s taxable income and maximizing tax savings. You get to claim a bigger deduction compared to the...
Posted by Global Accounting on 01/27/2019
The IRS announced on Friday (Notice 2019-2) that there will be a significant increase in 2019 for the optional standard mileage rates although it has already slightly increased last...
Posted by Valderas Financial Solutions LLC on 01/22/2019
Collecting money every tax season has got to be one of the best moments in a taxpayer’s life. A lot of workers calculate their withholdings to ensure they’re getting their...
Posted by rinehimerbaker on 09/11/2018
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
Posted by rinehimerbaker on 07/24/2018
It’s important for millennials to follow strict tax planning and compliance because it may affect their future plans such as having a family or in achieving success in their...
Posted by Larry D. Tew, EA on 04/12/2018
Medical expenses are a huge expense that you will have to pay throughout the year. Many people know that they can deduct some of their expenses for medical emergencies, as long as...
Medical expenses can add up quickly. There always seems to be more of them and getting sick is something that you can’t always control. Many families feel like they are weighed down...
The legendary musician Miles Davis has a famous quote when asked about the definition of jazz music: “If you have to ask, you’ll never know…” Luckily for us, taxes don’t...