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…
[INFOGRAPHIC] 10 Key Tax Reform Changes for Individual Tax Filers – TaxAct Blog
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Welcome to a new day — a day that sports betting fans will remember for the rest of their lives.
On May 14, 2018, the Supreme Court struck down a federal law that effectively banned commercial sports betting in most all states. As a result of ove…
You’ve probably heard about the adjustments to the state and local tax deduction. The 2017 tax reform made sweeping changes to how much you can deduct.
To better understand the changes that went into effect for 2018, he…
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 …
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…
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…
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…
