Income Tax

Itemized Deductions - Meet the Walking Dead

Itemized Deductions - Meet the Walking Dead

Don't assume this year's taxes and tax deductions will be similar to last year's taxes. The tax reform bill, which passed in December 2017, gutted most of the deductions and maimed many of the rest. Just like characters in . . . .

Standard Deduction for the Blind and Those Over Age 65

Standard Deduction for the Blind and Those Over Age 65

The Standard Deduction is the amount every taxpayer can deduct from their income, and with the changes to the tax law, more taxpayers than ever will now be taking the Standard Deduction. A lesser known fact about the Standard Deduction, however, is it can be increased for those over age 65 or who are blind.

Tax Reform: New 2018 Tax Tables, Deductions, & Exemptions

Tax Reform: New 2018 Tax Tables, Deductions, & Exemptions

After lots of argument and fighting, the Tax Cuts and Jobs Act has been passed. Whether you like the tax reform bill or hate it, the reality is we have a new tax code for the foreseeable future. Here are key components of the new tax code which impact most taxpayers.