The WOTC allows employers that hire members of targeted groups who face employment barriers to claim a credit against income tax of a percentage of first-year wages. In a recent […]
Virtually everyone has a credit and debit card these days. But many of us still live in fear of these plastic necessities because we’re not terribly familiar with the fine […]
The new Tax Cuts and Jobs Act (TCJA) includes significant changes for individuals and businesses alike, enhancing some tax breaks and eliminating or reducing others. One new provision creates a […]
A new spending measure signed on Feb. 9 (the Bipartisan Budget Act of 2018) did more than avoid a government shutdown. It also extended about 30 tax breaks that had […]
The Tax Cuts and Jobs Act has grabbed the headlines in 2018. However, if you still have to file your 2017 tax return, it will generally be based on prior […]
The historic Tax Cuts and Jobs Act (TCJA) provides tax breaks to individuals but also repeals or reduces certain cherished deductions. As a result, the 2017 return you file this […]
What do you call those deductible expenses that don’t fit squarely into any other category? The IRS refers to them as “miscellaneous” expenses. If you qualify, you can deduct the […]
If you contributed to charity in 2017, you can generally deduct the full amount on your tax return with one caveat: You must have the records to back up your […]
Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as the so-called repairs weren’t actually “improvements.” The […]
To help you make sure you don’t miss any important 2018 deadlines, we’ve provided this summary of when various tax-related forms, payments, and other actions are due. Be aware that […]