January 2018Tax Reform Provides New 20% DeductionThe new 2018 Section 199A tax deduction that you can claim on your IRS Form 1040 is a big deal. There are many rules (all new, of course),...
Consisting of all the deductions to your income that come before your adjusted gross income (AGI), a standard is a set dollar amount that you can use to claim tax deduction without...
The biggest news about the Tax Cuts & Jobs Act (TCJA) that was recently passed by the U.S. Congress is that it has special deductions for business owners. If you have a partnership,...
The IRS (Internal Revenue Service) has introduced some new policies in 2018, which include living cost changes for pensions and inflation adjustments for specific taxes. These yearly...
A Roth IRA conversion is an appealing prospect to many people. If this applies to you, it is possible to do this in 2017, without fretting about tax code changes. If the rate of tax...
The end of the year is fast approaching and now is the time to start your tax planning. The good news is that no major tax law changes took place this year. However, taxpayers may...
The tax reform proposal coming from the Trump administration includes another two dependent care deductions that will benefit families paying for child care.
The first proposed tax...