Recent Posts
Your 2019 Taxes: What You Need to Know About the Tax Reform Bill
Just when you were starting to get comfortable with your annual chore of tax filing, things changed. The 2018 tax reform bill hit the scene. Over the past year, you’ve heard about updates ranging from tax rates to deductions . . . and your head is spinning. Not that you’ve ever loved tax season (who does?), but … Continue reading Your 2019 Taxes: What You Need to Know About the Tax Reform Bill
6 Reasons to Hire a CPA to Do Your Business Taxes
Tax season can be a stressful time for any small business owner. Whether you’re managing 1099s for contractors, preparing your personal or business tax returns, or looking at opportunities to maximize your deductions, it can be overwhelming to even the savviest of entrepreneurs. It might come as a surprise, but millions of business owners forego … Continue reading 6 Reasons to Hire a CPA to Do Your Business Taxes
IRS sets start date for tax season, will issue refunds during government shutdown
The IRS announced on Monday evening that it is prepared to start processing 2018 tax returns on Jan. 28 and that it will pay tax refunds despite the partial shutdown of the federal government. The agency has been operating under a contingency plan that has furloughed 88% of the IRS’s workforce. It says it will … Continue reading IRS sets start date for tax season, will issue refunds during government shutdown
The Federal Student Loan Interest Deduction
Interest Paid on Student Loans Is Still Tax Deductible The student loan interest tax deduction is one of those advantageous “above the line” deductions that you can claim without itemizing. It’s tucked into the adjusted gross income (AGI) section of Form 1040. This means that you can take it in addition to itemizing other deductions, or you can … Continue reading The Federal Student Loan Interest Deduction