The IRS has adjusted dollar limits for employer-sponsored retirement and welfare plans, as well as for individual retirement plans. These adjustments are effective as of January 1, 2019. In addition, the Social Security Administration increased the taxable earnings wage base… Read More
If you are charitably inclined and typically donate to your favorite not-for-profit organizations each year, you may be wondering how tax reform will affect your charitable giving. If you itemize your charitable donations, it’s important to understand how the new… Read More
Relocating for a current job or new opportunity used to mean you could deduct some of your moving expenses. Under the Tax Cuts and Jobs Act (TCJA), the tax treatment of moving expenses has changed, and will affect employees and… Read More
Parents and taxpayers with dependent children can take advantage of the increased benefits of the Child Tax Credit under tax reform. With new changes in effect, this tax credit has been enhanced and made available to more individuals.
Previous Law… Read More
The Tax Cuts and Jobs Act that was enacted last December topples conventional tax planning strategies and changes the familiarity for this year’s tax filing season. Below is a brief review of some of the most important 2018 year-end tax… Read More