Alert: Expired Tax Breaks Revived for 2017
Saturday, March 03
Alert: Expired Tax Breaks Revived for 2017Congress passed a federal budget bill in early February that revived many expired tax breaks for the 2017 tax year. They include a deduction for education expenses as well as several tax breaks for homeowners.If you have not yet filed your 2017 tax return...
Answers to Commonly Asked Tax Questions
Saturday, March 03
Answers to Commonly Asked Tax QuestionsWith all of the headlines about the changes in the Tax Cuts and Jobs Act (TCJA), you probably have lots of questions. Here are answers to some of the most common questions taxpayers have this year.Question:I'm hearing a lot about changes to 2018 taxes. What ...
Three Tax Break Tips for Caregivers
Saturday, March 03
Three Tax Break Tips for CaregiversIf you’ve ever had to care for a sick, elderly or disabled person, you know it can be difficult financially as well as emotionally. A recent study found that many caregivers are forced to make financial sacrifices, including delaying retirement, in order to help...
Employee Expense Rules Have Changed
Monday, February 26
Employee Expense Rules Have ChangedOne of the things that’s going away under the new tax reform laws implemented this year is an employee’s ability to deduct unreimbursed expenses related to their job.Farewell to miscellaneous itemized deductionsThe deduction for unreimbursed employee expenses wa...
Tax Law Alert: Expired Tax Breaks Revived
Saturday, February 17
Tax Law Alert: Expired Tax Breaks RevivedIn the federal budget bill passed Feb. 9, Congress revived dozens of expired tax breaks retroactively for 2017. Here are the ones you may be able to use:The tuition and fees deduction. If you paid qualified tuition and related higher education expenses, yo...
How to Handle All Those Forms
Saturday, February 17
How to Handle All Those FormsYour mailbox has started filling up with tax forms over the last several weeks and there are likely more to come. Getting your forms organized makes your tax filing easier for everyone involved. Here are some tips on how to handle all the forms you get and to head off...