The IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible employers who set up qualifying paid family leave...
The U.S. Department of the Treasury and the IRS issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit. The proposed regulations issued...
As students head back to their classrooms after the summer break, so do their teachers. It’s time for a quick brush-up course on tax benefits for your clients who are in the teaching profession. Classroom Expenses In a perfect world, schools would...
On Feb. 9, Congress passed the Bipartisan Budget Act of 2018, averting a government shutdown and providing tax relief for millions of Americans. President Trump signed it into law soon afterward. The law includes special tax relief for certain disaster...
Congress finalized the Tax Cuts and Jobs Act tax reform bill. The bill is due to go to the floor for a vote by the House and Senate early next week. The Tax Cuts and Jobs Act tax reform bill is expected...
Following the devastation left from Hurricanes Harvey, Irma and Maria, the Disaster Tax Relief and Airport and Airway Extension Act of 2017 was recently signed into law. The bill provides relief, in addition to the already extended tax deadlines provided...
We all know a college education is very expensive and costs are continuing to escalate. According to College Board’s Trends in College Pricing, the average full-time student at a four-year, non-profit private university will pay $32,410 per year in tuition...
This is an exciting time of the year when college-bound students are starting to gear up for school. The transition can also take a physical and emotional toll on parents. Figuring out how to pay for college can be stressful,...
Turning off the lights when you leave a room and keeping a moderate finger on the thermostat can help save you money, as well as preserve the environment. Other “green” actions include recycling, carpooling and using rechargeable batteries. To add...
There’s no doubt you have your own stories on some of the outrageous tax deductions your clients have asked you about, but what about other deductions that are perfectly legitimate? Here’s a list of some of the lesser-known deductions you...
The IRS announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019. In addition, eligible employers who set up qualifying paid family leave... 
