Your accountant has submitted your taxes! Now you want to know, where is your refund? Here are a few easy steps to check the status of your…… Read more “How to Check Your Refund Status.”
Category: Taxes
Tax Tip Tuesday 10: Pass-Through Deduction 2
In our last blog, we discussed the new 20% pass-through deduction. This provision of the new tax law, codified in Section 199A of the IRS code, has…… Read more “Tax Tip Tuesday 10: Pass-Through Deduction 2”
Tax Tip Tuesday 9: Pass-Through Deduction 1
The new tax code has a significant change when reporting pass-through business income. Sole Proprietor, LLC’s, Sub-S Corps, and Partnerships are considered pass-through entities and are the…… Read more “Tax Tip Tuesday 9: Pass-Through Deduction 1”
Tax Tip Tuesday 8: Job Expenses and Misc. Deductions
We will close out our review of itemized deductions with a review of Casualty and Theft Losses, Job Expenses and Miscellaneous Deductions. The casualty and theft deduction…… Read more “Tax Tip Tuesday 8: Job Expenses and Misc. Deductions”
Tax Tip Tuesday 7: Charitable Contributions
Charitable Contributions Contributions to your favorite church or cause are deductible with a few changes. In 2017 the deductibility of contributions maxed out at 50% of your…… Read more “Tax Tip Tuesday 7: Charitable Contributions”
Tax Tip Tuesday 6: Interest Paid
Interest Paid The definition of qualified interest expenses in this section of Itemized deductions seems to change year to year. I can remember when including interest on…… Read more “Tax Tip Tuesday 6: Interest Paid”
Tax Tip Tuesday 5: S.A.L.T.
State and Local Taxes (SALT) For most taxpayers that qualify to take itemized deductions, SALT is a major contributor. It helps boost qualified expenses above the standard…… Read more “Tax Tip Tuesday 5: S.A.L.T.”
Tax Tip Tuesday 4: Itemized Deductions
Tax Tip Tuesday 4: Itemized Deductions Outside of the change in the standard deduction, the changes in itemized deductions will impact a substantial group of taxpayers. For…… Read more “Tax Tip Tuesday 4: Itemized Deductions”
Tax Tip Tuesday 3: Social Security
Of course, this will and is affecting your take-home pay. There are three (3) basic federal taxes that affect your paycheck.
Tax Tip Tuesday 2: Personal Exemptions
Tax Tip Tuesday 2: Personal Exemptions May 29, 2018 In the first issue of Tax Tip Tuesday we mentioned the effect of the personal exemption in determining…… Read more “Tax Tip Tuesday 2: Personal Exemptions”
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