Posted on August 22, 2019 by
Andrew Leonard
The overhaul of the U.S. tax code was signed into law at the end of 2017, yet many taxpayers are continuing to conduct business as usual, paying little attention to how the new law impacts their tax liabilities for 2018 and beyond. To be sure, the Tax Cuts and Jobs Act (TCJA) in its original […]
Posted on August 21, 2019 by
Nikita Sipin
During summertime fun, taxes may be the furthest thing from your mind. However, several activities that are common during the summer months may help you qualify for valuable tax credits and deductions that can reduce your tax liabilities and even result in a tax refund next year. Getting Married. When you take your spouse’s last […]
Posted on August 15, 2019 by
Angie Adames
The IRS has issued new regulations permitting taxpayers to change the bonus depreciation treatment of certain property acquired after Sept. 27, 2017, and placed in service during a tax year that includes Sept. 28, 2017. The Tax Cuts and Jobs Act (TCJA) that went into effect on Jan. 1, 2018, made several changes to bonus depreciation, such […]
Posted on August 13, 2019 by
Adam Slavin
The summer months are winding down, and teachers around the country are already preparing for a new school year. While many teachers reach into their own pockets to pay for classroom supplies, the good news is that certain educators may qualify for tax-relief for some of these out-of-pocket expenses. Under federal law, eligible educators can […]
Posted on August 12, 2019 by
Joanie Stein
If you are among the more than 145 million people whose personal information was compromised in the Equifax data breach that occurred in 2017, you may now be entitled to compensation as part of the credit bureau’s nearly $700 million settlement with the government. However, before you file a claim or try to figure out […]
Posted on August 07, 2019 by
Lewis Taub
The new tax law that went into effect on Jan. 1, 2018, has had a tremendous impact on business activities, including merger and acquisition (M&A) transactions. As businesses prepare to file their tax returns this year, they are just now quantifying how much the Tax Cuts and Jobs Act (TCJA) affects their bottom line. Prior […]
Posted on July 31, 2019 by
Joanie Stein
Planning a wedding is an exciting time that requires attention to a myriad of details: the flowers, the dress, the guest list, the gift registry. Given this long checklist of things to do, couples often forget to consider that a marriage combining the lives of two people will affect their tax responsibilities and liabilities. Following […]
Posted on July 26, 2019 by
Adam Cohen
Taxpayers who participate in high-deductible health insurance plans will be able to save a little more in their Health Savings Accounts (HSAs) in 2020, when contribution limits will increase to $3,550 for individuals or $7,100 for family coverage, up from their 2019 limits of $3,500 and $7,000 respectively. This 1.4 percent increase represents significant benefits […]
As Americans enjoy their summer vacations, criminals remain hard at work devising new scams to steal taxpayers’ identities and intercept their tax refunds. The IRS reminds taxpayers to stay alert to tax-related schemes throughout the year, even after the April tax filing deadline. Most criminals conduct their scams via email and telephone, posing as agents […]
The Florida legislature has expanded the state’s annual back-to-school sales-tax holiday from three to five days in 2019. Florida families with children heading back to the classrooms for the 2019-2020 school year can avoid paying state and local sales tax on qualifying school supplies when they do their shopping on Friday, Aug. 2, through the […]
