IRS Proposed SALT Regulations Would Limit Effectiveness Of State Workarounds Beginning in 2018, the itemized deduction for state and local taxes (SALT) will be capped at $10,000. This is another significant change resulting from the Tax Cuts and Jobs Act (TCJA),...
No provision of the Tax Cuts and Jobs Act (TCJA) has received as much attention as the Sec. 199A Qualified Business Income (QBI) deduction. This provision potentially allows a taxpayer to pay tax on only eighty percent of their income from a wholly-owned, partnership...
Child tax credit now higher, more widely available The Tax Cuts and Jobs Act (TCJA) of 2017 has been touted by its proponents as an across the board tax cut with specific benefits for “middle class families”. There is a long history of tax benefits for families with...
This popular retirement savings vehicle comes in several varieties. What don’t you know? Many Americans know about Roth and traditional IRAs, but there are other types of Individual Retirement Arrangements. Here’s a quick look at all the different types of IRAs:...
