In the event of an IRS audit, you need to provide documentation for your deductible expenses. Some people keep the receipts, while others keep credit card statements. So what exactly…
Do you have a child who turns 17 in 2019? If so, you may be in for a tax hike next year. Why? Because the child tax credit ends the year…
Prior to the Tax Cuts and Jobs Act, taxpayers could deduct interest on mortgage loans up to $1 million as long as the proceeds were used for the purchase of…
Last December’s tax reform was billed as the Tax Cuts and Jobs Act, and to that end, small businesses received a valuable deduction with the idea that the tax savings…
Taxes after divorce can be confusing, especially when children are involved, and when the parents disagree about who gets to claim a child on their tax return. According to the…
The Tax Cuts and Jobs Act took away a tax-saving deduction for employees who have out-of-pocket expenses for their jobs. Under the old law, many employees got a tax break…