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Recent Posts

Tax Reform – Eagerly awaiting the details

Tax Reform Framework Release Expected Week of September 25 (Wolters Kluwer News Staff) Top congressional Republicans and the White House are expected to release a framework of their tax reform plan during the week of September 25, according to House Ways and Means Committee Chairman Kevin Brady, R-Tex., and Speaker Paul Ryan, R-Wis. “We will … Continue reading Tax Reform – Eagerly awaiting the details

2017 Quick Tax Facts – Mid Year Reminder

2017 Standard Deductions Married, Filing Joint Return (and Surviving Spouse) $12,700 Head of Household $9,350 Unmarried (Not Surviving Spouse or Head of Household) $6,350 Married, Filing Separate Return $ 6,350 Dependent Standard Deduction (Minimum) $ 1,050 Additional Amount for Blindness or Age $ 1,250 Additional Amount for Blindness or Age if Unmarried and Not Surviving … Continue reading 2017 Quick Tax Facts – Mid Year Reminder

Back-To-School Expenses: Available Credits And Deductions

As the nation’s kids head back to school, the tax benefits associated with educational expenses should not be overlooked. General rules Educational expenses are nondeductible personal expenses unless a deduction or credit is carved out somewhere in the Internal Revenue Code. Carve-outs exist when expenses qualify under a number of provisions. Business expenses. Educational expenses … Continue reading Back-To-School Expenses: Available Credits And Deductions

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