1) Charitable Deduction - $300 without using Schedule A to itemize 2) Schedule A – close to itemizing – bunch every other year a....

*Pay final bills and postmark by 12/31/2020 *Newly purchased business equipment must be placed in service by 12/31/2020 to be deductible...

Courtesy of T. Rowe Price February 18, 2020 Judith Ward, CFP®, Senior Financial Planner You have until April 15, 2020, to...

The IRS updated the fleet-average and vehicle cents-per-mile valuation rules described...

Ready or not, tax return reporting has changed yet again for the 2020 tax season.

Reflexively, most of us would say “yes.” Most people use the donor’s intent to distinguish between charitable contributions and...

A cancer survivor from Nebraska was sure that her GoFundMe receipts were non-reportable gifts. After all, they were (at least mostly) for...

Courtesy of Journal of Accountancy by Janet C. Hagy, CPA

If a company has more than one entity, there is a good chance that they are overpaying payroll taxes for some of their employees...

Do you live in a state with high income taxes? If your saving grace has been a long list of deductions, the game may be over thanks to...