How the New Limit on SALT Deductions Affects Homeowners
The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for...
Posts about
Personal Tax (17)
New Law Eases the Individual Alternative Minimum Tax
| Unfortunately, the Tax Cuts and Jobs Act (TCJA) retains the individual Alternative Minimum... |
New Law Revamps the Kiddie Tax
Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax...
Tax Reform: Topics of Special Interest for Individuals
| As you’ve heard by now, the Tax Cuts and Jobs Act (TCJA) includes a number of changes that... |
Landmark Tax Reform Bill Passes
| The new tax reform law — commonly referred to as the “Tax Cuts and Jobs Act” (TCJA) — is the... |
Give Back and Save Taxes with Charitable Contributions
| As year end approaches, you may be thinking about making some charitable donations. Here’s a... |
Maximize the Tax Deductions Available for Your Generosity
| The reporting requirements for claiming charitable contributions of cash on your tax return... |
Inadequate Records Lead to Unfavorable Results for Taxpayers
| Federal tax law allows deductions for many items, such as legitimate business expenses and... |
Casualty and Theft Losses: Find the Silver Lining in Dark Clouds
| We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the... |
Do You Have a Deductible Business Loss or a Nondeductible Hobby Loss?
| There’s a fine line between businesses and hobbies under the federal tax code. If you engage... |