The tense relationship between the U.S. government and Native American tribes has led to recurring disputes and confusion over tax issues. Native Americans do pay taxes, but some quirks...
If you look at the TCJA, you will see that the C Corps' new tax rate is 21%, while the maximum individual rate is 37%. Also, individuals can benefit from a 20% deduction for pass-through...
Posted by CORE PERFORMANCE on 01/14/2021
The Additional Medicare Tax has been enacted since 2013, which affects taxpayers that make more than 200,000 USD or 250,000 USD as married couples. This set of people will pay an extra...
Posted by Tiffany Gaskin on 01/13/2021
The gig economy has risen all over the country. The recent pandemic has forced many people to take on gig business, which might not go away any time soon. While this presents fantastic...
The TCJA eliminated several itemized deductions from 2018 through to 2025. However, the investment interest deduction was not affected. This means that single taxpayers can claim their...
A household employment tax allows everyone that hires a nanny or a gardener, to name a few, and pays them above $2,200 every year, to pay household employee taxes for their worker....
Posted by Tucker Accounting Services LLC on 01/13/2021
Some profound tax changes came around in Jan 2018 with the passing of the Tax Cuts and Jobs Act (TCJA). As a result of this law, the personal exemption was suspended till 2025. It...
The government recently agreed on the details of a $900 billion coronavirus bill attached to a $ 1.4 billion omnibus that will fund the government for fiscal 2021. Congress also voted...
The Tax Cuts and Jobs Act came with many effects, one of which was removing the business expense for unreimbursed employees till the year 2026. As a result, workers can no longer bring...