2018 Tax Code Changes: Simplification of Form 1040
A little over a year ago, the Tax Cuts and Jobs Act (TCJA) was passed which amounted to the biggest overhaul of the tax code in 31 years. With preparation of our tax returns looming, be ready for changes. Over the next few weeks, we will talk about some of these...
The Dangers of Outsourcing Your Tax Return
I read a disturbing article this week and immediately knew it was something I should address with my blog readers. The article, entitled Do You Know Who is Preparing Your Tax Return?, talks about how bigger tax preparation firms are outsourcing the preparation of...
Making a Charitable Contribution? Here’s How it Will Affect Your Taxes
With the increase in the standard deduction under the new tax law, many taxpayers won’t need to complete Schedule A for itemized deductions. For those taxpayers who make charitable contributions and are still able to itemize, the IRS has requirements for what...
Is Your Tax Withholding Correct?
The IRS is strongly urging all taxpayers to complete a “Paycheck Checkup” to determine if their employer is withholding the correct amount of income tax. Due to the changes in the tax law, the withholding tables may not be working as in prior years. Major changes in...
Tax Benefits to Help Reduce the Cost of College
Paying for college can be an incredible financial burden for families. It pays to do your research to find any help available when planning for this expensive endeavor. In our last blog, we discussed two tax credits to help college students and their families pay for...Signup MailChimp
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