Mar 7, 2018 | Firm Updates, Individual Tax, Tax Tips
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction depends on more than just the actual amount you donate. Type of gift One of the biggest factors...
Feb 20, 2018 | Firm Updates, Individual Tax, Tax Tips
If you moved for work-related reasons in 2017, you might be able to deduct some of the costs on your 2017 return—even if you don’t itemize deductions. (Or, if your employer reimbursed you for moving expenses, that reimbursement might be excludable from your income.)...
Feb 13, 2018 | Firm Updates, Individual Tax, Tax Tips
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently passed...
Feb 7, 2018 | Firm Updates, Individual Tax, Tax Tips
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily...
Feb 1, 2018 | Firm Updates, Individual Tax, Tax Tips
Tax credits reduce tax liability dollar-for-dollar, potentially making them more valuable than deductions, which reduce only the amount of income subject to tax. Maximizing available credits is especially important now that the Tax Cuts and Jobs Act has reduced or...
