May 30, 2017 | Firm Updates, Individual Tax
All charitable donations are not created equal—some provide larger deductions than others. And it isn’t necessarily just how much or even what you donate that matters. How the charity uses your donation might also affect your deduction. Take vehicle donations, for...
May 2, 2017 | Firm Updates, Individual Tax, Tax Tips
Each year, millions of taxpayers claim an income tax refund. To be sure, receiving a payment from the IRS for a few thousand dollars can be a pleasant influx of cash. But it means you were essentially giving the government an interest-free loan for close to a year,...
Apr 18, 2017 | Firm Updates, Individual Tax
While April 15 (April 18 this year) is the main tax deadline on most individual taxpayers’ minds, there are others through the rest of the year that are important to be aware of. To help you make sure you don’t miss any important 2017 deadlines, here is a look at when...
Apr 11, 2017 | Firm Updates, Individual Tax, Tax Tips
Because of a weekend and a Washington, D.C., holiday, the 2016 tax return filing deadline for individual taxpayers is Tuesday, April 18. The IRS considers a paper return that’s due April 18 to be timely filed if it is postmarked by midnight. But dropping your return...
Apr 4, 2017 | Firm Updates, Individual Tax, Tax Tips
Home ownership comes with many tax-saving opportunities. Consider both deductions and exclusions when you are filing your 2016 return and tax planning for 2017: Property tax deduction. Property tax is generally fully deductible—unless you are subject to the...
Mar 21, 2017 | Firm Updates, Individual Tax, Tax Tips
If you have a child in college, you may be eligible to claim the American Opportunity credit on your 2016 income tax return. If, however, your income is too high, you won’t qualify for the credit—but your child might. There is one potential downside: If your dependent...
