Year-round tax planning includes reviewing eligibility for credits and deductions

By |2019-07-29T10:10:56-04:00July 29th, 2019|Affordable Care / ObamaCare, Earned Income Tax Credit, Energy Efficeincy, Individual Income Tax, Students and Education, Tax Cuts & Jobs Act, Vehicle Tax Credits|

Tax credits and deductions can mean more money in a taxpayer’s pocket. Most people only think about this when they file their tax return. However, thinking about it now can help make filing easier next year. This tip is one in a series about tax planning. These tips focus on [...]

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Recent changes to moving, mileage and travel expenses

By |2018-06-12T01:38:02-04:00June 12th, 2018|Individual Income Tax, News Articles, Tax Cuts & Jobs Act|

source: IRS.govThe Tax Cuts and Jobs Act includes changes to moving, mileage and travel expenses: Move-related vehicle expense The new law suspends the deduction for tax years beginning after Dec. 31, 2017, through Jan. 1, 2026. During the suspension, no deduction is allowed for use of an auto as part [...]

Are you withholding the correct amount on your W-2 for 2018?

By |2018-04-13T12:11:20-04:00April 13th, 2018|Employees, Employees & Independent Contractors, Employers, Individual Income Tax, Payroll, Tax Cuts & Jobs Act, Tax Payments|

source: IRS.govNewly-revised estimated tax form and publication can help people pay the right amount IR-2018-93, April 13, 2018 WASHINGTON – With tax reform bringing major changes for the year ahead, the Internal Revenue Service today reminded the many self-employed individuals, retirees, investors and others who need to pay their taxes [...]