With the anticipation of the expiration of the Tax Cuts and Jobs Act (TCJA), an important change may affect workers who spend part of their workweek at home
The new tax season brought in a lot of changes, and your job expenses are one of them. If you’ve noticed on your tax returns that you can’t deduct your W-2 job expenses for 2018, you’re partially correct. Unfortunately, not everyone can claim their out-of-pocket job expenses. Here’s the breakdown. Eligibility The new tax laws […]
Did you forget to file your 2018 taxes? Whatever the situation may be, when it comes to filing a forgotten tax return, stress usually rears it’s head. We’re here to help. If you haven’t filed your 2018 tax return as yet, you may be confused why the 1040 form looks different. Here’s what you need […]
Generosity has its perks, or rather its tax benefits. Keep in mind, taxpayers are able to easily itemize once they exceed their standard deduction. This typically happens by taxpayers claiming charitable donations along with any expenses they have. It then becomes greater than their standard deduction. However, the standard deduction is twice the amount for 2017. […]
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