A copy of the actual White House press release on tax reform goals and priorities affecting individual and business taxpayers
Category: Income Tax Planning
Taxes on Tips
April 13, 2017
All cash and non-cash tips are considered income and are subject to Federal income taxes without exception.
Tax Reform Timeline
April 12, 2017
An agreement may not be reached until late 2017 or early 2018.
Deducting Work-Related Expenses
April 10, 2017
Taxpayers who pay for work-related expenses out of their own pocket may be able to deduct them on their income tax returns.
Do’s and Don’ts of Deducting Charitable Donations
March 25, 2017
Be careful to have documentation that shows the dollar amount of all claimed qualified charitable donations.
Deducting Medical and Dental Expenses
March 22, 2017
If you incurred medical or dental expenses in 2016, you may be able to deduct them on your federal income tax return.
Saver’s Credit Option Offers Rewards
March 17, 2017
The Saver’s Credit applies to contributions made to a traditional or Roth IRA, a 401(K) plan, a SIMPLE IRA, a SARSEP, your 403(b) plan, 501(c)(18) plan or a governmental 457(b) plan.
Splitting refunds is easy and done quickly through direct deposits in up to three separate accounts.
IRA Moves That Save Tax Dollars
March 16, 2017
There are different strategies that can save money or defer taxes through contributing to IRAs and retirement funds each tax year.
2017 Mileage Rates for Business Use of a Vehicle
January 9, 2017
2017 tax deduction mileage rates for business use of a vehicle