How Tax Cuts and Jobs Act (TCJA) Effects Charitable Donations on Your 2018 Tax Return With the passing of the Tax Cuts and Jobs Act (TCJA), it’s estimated that the number of taxpayers who will itemize on their 2018 tax return will fall by more than half compared to 2017. Read more…
Are you considering downsizing as you head into retirement? If you are aged 55 and older, there is a tax break you can qualify for in California that allows you to keep your property tax base as you relocate. California voters approved a pair of propositions in the late 1980s that Read more…
Clients often ask us whether or not they qualify for a home office deduction. The answer to this question depends on many factors. It also hinges on whether or not the individual is an employee or self-employed. For employees to qualify for a home office deduction, the home office must Read more…
Here is a summary of some of the major tax law changes for 2013 included in Congress’s fiscal cliff legislation: Individuals: The AMT exemption will be extended on a permanent basis. The AMT Exemption amount will be adjusted for inflation annually and will be retroactive to 2012. The employee’s share Read more…
If you are looking for a job in your current profession your expenses for the job search could be tax deductible. There are a few things that you should know before taking the deductions on your return. http://1.usa.gov/MS37nK LSL StaffWe are always engaged in ongoing education, to better serve you and your account. Please Read more…