gambling losses
Mar 7th 2018
The Tax Cuts and Jobs Act (TCJA) eliminates or scales back certain itemized deductions, including the deduction for miscellaneous expenses...
assembly line
Feb 28th 2018
A special deduction authorized by Section 199 of the tax code is available for domestic production activity expenses. But like many other...
moving expenses
Feb 21st 2018
Have any of your clients pulled up stakes in the past year? If certain requirements are met, those individuals may deduct their job-related...
marital woes
Feb 14th 2018
The tax cost of getting a divorce is going up for some individual taxpayers. Under the new tax law, the Tax Cuts and Jobs Act (TCJA),...
education deductions
Feb 7th 2018
We’ve gone over some items, such as deductions for charity and medical costs, that have been changed in the new Tax Cuts and Jobs Act (TCJA...
mortgage interest
Jan 31st 2018
The new tax law — the Tax Cuts and Jobs Act (TCJA) — preserves the deduction for mortgage interest, with certain modifications, beginning...
silver linings losses
Jan 24th 2018
For taxpayers victimized by casualties or thefts, at least there was a silver lining in the dark cloud: You may have qualified for a...
salt deductions
Jan 17th 2018
Despite an eleventh-hour reprieve from Congress, this may be the last year many taxpayers deduct their state and local tax (SALT) payments...
medical practice
Jan 10th 2018
In the eleventh hour, Congress didn’t repeal the deduction for medical and dental expenses as part of the Tax Cuts and Jobs Act (TCJA), as...
people filling food donation boxes
Jan 5th 2018
Under the new tax reform law – the Tax Cuts and Jobs Act (TCJA) – many itemized deductions are being eliminated or curbed, beginning in...