December 19, 2017
expect a number of changes in the new tax reform bill will affect individuals of all incomes ranging from changes to deductions, income tax rates, health care mandates and retirement income.
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.
April 11, 2015
Itemizing deductions on a tax return may help decrease the amount of tax you owe depending upon a taxpayer’s income, age, filing status and more.
March 12, 2013
Taxpayers who itemize their deductions may deduct medical expenses they paid exceeding 7.5 percent their adjusted gross income and this limitation increases to 10% of AGI in 2013.
January 25, 2013
If your head is spinning from all the new tax law changes, you’re not alone. Even the IRS’s own National Taxpayer Advocate (yes, there’s a person with that job) has reported to lawmakers that today’s tax code is so complicated it “obscures comprehension”. More than 60 percent of taxpayers must use the services of a professional to complete their tax returns.
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