A 401(k) plan can be an attractive way to invest because it gives employees the ability to increase their contributions before tax and tax-deferred income until retirement. According...
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...
The Internal Revenue Service (IRS) recently released annual tax inflation adjustments for 2021 for more than 60 allowances, including tax rate schedules, standard deductions, itemized...
Posted by Rosovich & Associates, Inc. on 12/31/2020
The cost basis for real estate as defined by the tax law of the United States of America as the original cost of real estate, adjusted for factors such as depreciation; it is the historical...
Posted by John Pournaras Agency on 10/31/2019
Do you spend sleepless nights as a consequence of cogitating over underpayment or overpayment of taxes?Tax-related matters are often laden with stress. Payment of right tax at the...
Posted by Tax Solutions & Accounting Services on 06/18/2018
Whether seeking to minimize the tax chunk from a stock sale or reduce an ability property tax invoice, maximum tax-related calculations and strategies start at a single point —...
Posted by ALJ Business Services,LLC on 05/18/2018
Everyone likes taking deductions on their taxes. These tax breaks are critical for lowering what you owe every year and the more deductions you can claim, the less you'll have...
Posted by Abundant Returns Tax Service on 03/05/2018
When the Affordable Care Act (ACA) was enacted, there were also various tax provisions that went into effect, along with specific requirements to have health insurance. Various groups...
For many individuals, the provisions of the Affordable Care Act (ACA) have resulted in specific tax credits and potential penalties. Individuals and employers all have criteria to...