SB 113 Provides Additional Relief from SALT Deduction Limits
Back in 2017, the Tax Cuts and Jobs Act was signed into law which instituted a cap on the amount of state and local taxes (SALT) that individuals […]
Are You Ready for the 2021 Gift Tax Return Deadline?
If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2021 gift tax […]
Why Would Married Couples File Separate Tax Returns?
If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation.
Make Sure You Have Substantiation For Your Charitable Donations
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t […]
Tips to Speed Tax Return Processing
The IRS began accepting 2021 individual tax returns on January 24. If you haven’t prepared yet for tax season, here are three quick tips […]
Help Safeguard your Personal Information by Filing your 2021 Tax Return Early
The IRS announced it is opening the 2021 individual income tax return filing season on January 24. (Business returns are already being accepted.) Even […]
How Will Revised Tax Limits Affect Your 2022 Taxes?
While Congress didn’t pass the Build Back Better Act in 2021, there are still tax changes that may affect your tax situation for this […]
Are You Eligible for a Medical Expense Tax Deduction?
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but […]
Tax Obligations of Gig Workers
The number of people engaged in the “gig” or sharing economy has grown in recent years. In an August 2021 survey, the Pew Research Center found that […]
Do You Qualify for the Student Loan Interest Deduction?
If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the […]
