Mar 1, 2018 | Firm Updates, Small Business, Tax Tips
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return. You’ll also want to keep this tax break in mind in your property purchase planning, because the Tax Cuts and Jobs Act (TCJA),...
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...
