Topics: Tax Reform
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Tax Planning Alert: Having too Many Losses will Hurt You
The 2017 Tax Cuts and Jobs Act made several very significant changes. One of the strangest is that a taxpayer can deduct no more…
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Tax Cuts and Jobs Act 2017 Webinar
On Thursday, February 8th, Pease & Associates, CPAs’ Tax professionals conducted the first “Tax Talk” webinar to examine the recent Tax Cuts and Jobs…
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Tax Talk – New Tax Law Meals & Entertainment Expense Update
With the new Tax Law (Tax Cuts and Jobs Act) there have been several changes with meals & entertainment (M&E) expenses. Click here to…
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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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7 last-minute tax-saving tips
The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2017 tax liability – you just…
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401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2018. But one piece…
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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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The ins and outs of tax on “income investments”
Many investors, especially more risk-averse ones, hold much of their portfolios in “income investments” – those that pay interest or dividends, with less emphasis…
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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…