Tax Strategies, Advice & Insights

TAX STRATEGIES, ADVICE, & INSIGHTS

Tax Reform: Tax Bracket Changes

Posted by L&H CPAs on Mar 20, 2018 11:59:18 AM

Before the Tax Cuts and Jobs Act (TCJA) was finally signed into law in December 2017, there was widespread speculation about what changes it would mean for the existing federal income tax bracket structure. In the end, the number of income tax...

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Tax Reform: Changes to the Alternative Minimum Tax

Posted by L&H CPAs on Mar 13, 2018 1:15:15 PM

If your household is one of the estimated 4.4 million households subject to the Alternative Minimum Tax (AMT) for tax year 2017 or previous years, you may find some relief in the Tax Cuts and Jobs Act, signed into law last December. With...

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Tax Reform: Changes to The Marriage Penalty Tax

Posted by L&H CPAs on Mar 13, 2018 12:57:39 PM

Most couples who decide to tie the knot probably don't spend a lot of time thinking about the potential tax implications of their decision. Fortunately, for some couples, there is one less reason to worry about taxes as a married couple this year.

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Tax Reform: Changes to Popular Deductions and Eliminated Changes

Posted by L&H CPAs on Mar 13, 2018 12:30:55 PM

Taxpayers who have come to rely on popular tax deductions may need to check their expectations when it comes time to file taxes for 2018. That’s because The Tax Cuts and Jobs Act made some modifications to several popular deductions while...

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