2 min read
Plug in Tax Savings for Electric Vehicles
While the number of plug-in electric vehicles (EVs) is still small compared with other cars on the road, it’s growing — especially in certain parts...
To help you understand the implications of the recent Corporate Transparency Act
We have prepared a selection of frequently asked questions.
Taxes (9)
2 min read
Casualty Loss Deductions: You Can Claim One Only for a Federally Declared Disaster
Unforeseen disasters happen all the time and they may cause damage to your home or personal property. Before the Tax Cuts and Jobs Act, eligible...
1 min read
Still Working After Age 70½? You May Not Have to Begin 401(K) Withdrawals
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than...
1 min read
Investment Interest Expense Is Still Deductible, but That Doesn’t Necessarily Mean You’ll Benefit
As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the TCJA...
1 min read
Stretch Your College Student’s Spending Money with the Dependent Tax Credit
If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses, you may be surprised to learn you’re not...
1 min read
The 2018 Gift Tax Return Deadline Is Almost Here
Did you make large gifts to your children, grandchildren or other heirs last year? If so, it’s important to determine whether you’re required to file...
2 min read
Vehicle-Expense Deduction Ins and Outs for Individual Taxpayers
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax...
2 min read
Careful Tax Planning Required for Incentive Stock Options
Incentive stock options (ISOs) are a popular form of compensation for executives and other employees of corporations. They allow you to buy company...
1 min read
You May Be Able to Save More for Retirement in 2019
Retirement plan contribution limits are indexed for inflation, and many have gone up for 2019, giving you opportunities to increase your retirement...
2 min read
Don't Wait to File Your 2018 Income Tax Return
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline,...
4 min read
Are You Eligible for the New Dependent Credit and HOH Filing Status?
The IRS continues to publish guidance to clarify provisions of the Tax Cuts and Jobs Act (TCJA). Here's what you need to know about qualifying for...
3 min read
Can You Have Too Much Tax Deferral?
Taking steps to defer your individual federal income tax bill is often a good idea. If you expect to be in the same tax bracket in future years,...
1 min read
There’s Still Time to Get Proof for 2018 Deductible Donations
If you’re like many generous Americans, letters from your favorite charities have been appearing in your mailbox in recent weeks acknowledging your...