Stretch Your College Student’s Spending Money with The Dependent Tax Credit
If you are the parent of a child who is age 17 to 23, and you pay all (or most) of their expenses, you may be surprised to learn you
If you are the parent of a child who is age 17 to 23, and you pay all (or most) of their expenses, you may be surprised to learn you
It is not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act (TCJA) might reduce your deduction
Some employers reimburse new hires for moving expenses when they relocate. Others reimburse existing employees whose jobs are moved to other locations. Maybe you do both. Now that there is
The Tax Cuts and Jobs Act (TCJA) created a new deduction for small business owners who operate pass-through entities. That includes domestic companies operated as sole proprietorships or through S
While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to
Stock market volatility has some investors thinking about putting some money into bonds, which historically have offered relatively stable prices. One key decision facing bond market investors is whether to
When you file your 2018 income tax return, you will likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically do not file until much closer to the April 15 deadline, this year,
Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land is not
Many owners of private companies have been leery of operating as a regular C corporation. If you make that choice, you will be exposed to double-taxation of business income. First,