Congress passes biggest tax bill since 1986
December 21, 2017
On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA).
On December 20, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA).
If you’re saving for college, consider a Section 529 plan. Although contributions aren’t deductible for federal purposes, plan assets can grow tax-deferred. (Some states do offer tax incentives for contributing.)
Because it can be difficult to exceed the medical expense deduction floor, one strategy is to “bunch” deductible medical expenses.
Reduce your 2017 tax liability by looking for unrealized losses in your portfolio and selling those investments before year end to offset your gains.
Key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2017.
If you convert a traditional IRA to a Roth and then discover you would have been better off if you hadn’t converted it, you can undo it.
If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it.
You might be eligible for a federal tax deduction for your moving costs. Contact Frazer, LLP with questions about whether your moving expenses are deductible.
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2017.
Property tax deduction. Mortgage interest deduction. Home equity debt interest deduction. Home office deduction. Rental income exclusion. Sale gain exclusion.