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”
Resources
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”
Tax Tip Tuesday I
May 22, 2018 Today is the beginning of our tax tip Tuesday’s. For the next several months we discuss changes in the 2018 tax laws and how…… Read more “Tax Tip Tuesday I”
IRS Loses PTIN Lawsuit, May Be Forced to Refund Preparers
By Michael Cohn A federal district court has ruled in favor of tax preparers who filed a class-action lawsuit against the Internal Revenue Service over its right…… Read more “IRS Loses PTIN Lawsuit, May Be Forced to Refund Preparers”
Blaine La/Car Associates 