(#275) Follow IRS Rules to Ensure Deductibility of Charitable Contributions
If reducing your taxable estate is an important estate planning goal, making lifetime charitable donations can help achieve that goal and benefit your […]
(#273) Can You Deduct Home Office Expenses?
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, […]
(#272) Personal Exemptions, Standard Deductions & Tax Credits under TCJA
Under the Tax Cuts and Jobs Act (TCJA), individual income tax rates generally go down for 2018 through 2025. But that doesn’t necessarily […]
(#270) Families With College Students May Save Tax On Their 2017 Returns
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on […]
(#269) A SEP May Give You One Last 2017 Tax and Retirement Savings Opportunity
Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself? A Simplified Employee Pension (SEP) […]
(#268) Only Certain Trusts Can Own S Corporation Stock
S corporations must comply with several strict requirements or risk losing their tax-advantaged status. Among other things, they can have no more than […]
(#266) TCJA Temporarily Lowers Medical Expense Deduction Threshold
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s […]
