What’s new about the home office deduction in 2018?

If you work at home – even just part-time – you may claim a tax deduction for expenses related to your home office.

The new tax laws, however, may affect whether you are still eligible to claim those costs as a ta…

What Families Need to Know About Tax Reform

Tax reform impacts the tax outcome for many Americans – including families. Fortunately, however, many of the changes can potentially boost the tax savings for busy moms and dads.
Learn how the new laws could impact your tax situation if you&rsqu…

A New Tax Law Means It’s Time to Review Your Withholdings

One thing we know about the most significant tax changes in decades: it will affect your tax return. While other tax code changes throughout the years may have tweaked obscure credits and rules, the tax reform signed into law in December 2017 made chan…

8 Key Highlights of the New Form 1040 Draft

At the end of June, the IRS released an early draft of the newly revised Form 1040. If you’re not familiar with that term, Form 1040 is the standard tax form individuals use to file their income tax returns. For instance, if you itemized your ded…

S-Corp vs. C-Corp: What’s Best for Your Business in 2018?

In the wake of the Tax Cuts and Jobs Act, business owners nationwide are looking closely at whether incorporating as an S corporation or a C corporation will offer a greater reduction in their tax burdens over the long haul.  While C corporations …

W-4 Withholdings after Tax Reform: What You Need to Know

Most changes under the new tax bill signed into legislation in December of 2017 took effect this past January for the 2018 tax year. Depending on a taxpayer’s situation, the impact of that change can vary. Most people’s tax bills will likely go down, w…

W-4 Withholdings after Tax Reform: What You Need to Know

Most changes under the new tax bill signed into legislation in December of 2017 took effect this past January for the 2018 tax year. Depending on a taxpayer’s situation, the impact of that change can vary. Most people’s tax bills will likely go down, w…

When Do the 2018 Tax Reform Changes Take Effect?

Tax reform imposes the biggest change to the tax code since the 1980s. And many people are wondering what’s changed, how it will affect them, and what they should do about it.For most individuals, very little impacts their 2017 return. Except for the l…