Topics: Individual Tax
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Can I Deduct Tax Loss?
When individual taxpayers have losses from flow through entities, the key question is whether or not the individual will have the ability to deduct…
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Tax Changes from Ohio’s FY 2022-23 Budget Bill
On June 30, 2021, Governor DeWine signed House Bill 110 into law. This bill covers Ohio’s budget for the next two years and contains…
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Ohio House Bill 166 Highlights
After much anticipation and delay, Ohio House Bill 166 was signed into law on July 18th. The bill includes key changes to income and…
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Most individual tax rates go down under the TCJA
The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual income tax brackets but…
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Tax Cuts and Jobs Act: Key provisions affecting corporations and individuals
On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years, and according to this C.P.A. for…
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What you need to know about year-end charitable giving in 2017
Charitable giving can be a powerful tax-saving strategy: Donations to qualified charities are generally fully deductible, and you have complete control over when and…
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“”Bunching”” Medical Expenses – A Tax-Smart Strategy
Various limits apply to most tax deductions, and one type of limit is a “floor,” which means expenses are deductible only if they exceed…
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Key deadlines for the remainder of 2017
While April 18 was the main tax deadline this year, there are others through the rest of the year that are important to be…
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Changes to ohio small business deduction and personal income tax rates
Article by ‘Lizabeth DiSiena’ Starting with the 2015 tax year, favorable changes have been made to income taxes on sole proprietorships and pass-through entities.…