Are Social Security Benefits Taxable? Social Security benefits include monthly retirement, survivor, and disability benefits; they do not include Supplemental Security Income (SSI) payments, which are not taxable. Generally, you…
Is Home Equity Loan Interest still Deductible? The Tax Cuts and Jobs Act has resulted in questions from taxpayers about many tax provisions including whether interest paid on home equity…
Tax Filing Season Begins January 28, 2019, marked the start of this year’s tax filing season, and it’s the first time taxpayers will be filing under the new tax reform…
Seven Common Small Business Tax Myths The complexity of the tax code generates a lot of folklore and misinformation that could lead to costly mistakes such as penalties for failing…
Avoiding the Penalty on Early Distributions Many people use IRAs, SEP Plans, SIMPLE IRA plans, and employee-sponsored retirement savings plans such as the 401(k) to save money for their retirement…
Five Facts about the Opportunity Zone Tax Incentive Providing tax benefits to investors who invest eligible capital into distressed communities throughout the U.S. and its possessions, Qualified Opportunity Zones (QOZs)…
Important Tax Changes for Individuals and Businesses Every year, it’s a sure bet that there will be changes to current tax law and this year is no different, now that…
Tax Tips for Older Americans Everyone wants to save money on their taxes, and older Americans are no exception. If you’re age 50 or older, here are six tax tips…
The Tax Consequences of Losing your Job If you’ve lost your job you may have questions surrounding unemployment compensation, severance, and other issues that could affect your tax situation. Here…
Employers Beware: Identity Theft and W-2 Scam Alert The 2019 tax season is quickly approaching and with it an increase in identity theft and W-2 scams. Small business identity theft…