by Tiffany Mellow | Aug 2, 2024 | Business Accounting, Business Taxes, Non-Profit Accounting, Non-Profit Taxes, Personal Accounting, Personal Tax Deductions, Personal Taxes, W-2's, Your Questions Answered - Business Accounting, Your Questions Answered - Personal Accounting
For 2024 it is difficult to track of what’s new and changed from last year, and there are lots of tax law changes and updates for 2024 that you need to know. To help, we put together a list of the most important tax law changes for 2024. Pay attention to these...
by allsaints | May 13, 2023 | Personal Accounting, Personal Tax Deductions, Personal Taxes
From the desk of James E. George If you received a nice tax refund last year and are expecting another one this year, you may be in for a big surprise! The income tax laws have changed and many of the tax-saving, refund generating credits have gone away. Our congress...
by Tiffany Mellow | Dec 30, 2019 | Personal Tax Deductions
The end of the year is drawing close and we are getting many calls for ideas on how to save on 2019 income taxes. Not every idea below may apply to your situation, but the following moves collectively could save you significant tax dollars! Parents may qualify for...
by Tiffany Mellow | Oct 4, 2018 | Personal Accounting, Personal Tax Deductions, Personal Taxes
Every year at tax time, we encounter a variety of situations relating to divorced spouses claiming their children. In prior years, there were various ways used to justify who claimed which child. Sometimes the spouses agreed who claimed who and sometimes they didn’t....
by Tiffany Mellow | Jul 11, 2018 | Personal Accounting, Personal Tax Deductions, Personal Taxes
The new tax law will cause many casual gamblers to incur bigger losses than before! Prior to 2018 you could deduct your losses up to the amount of your winnings. You did this by claiming your losses as itemized deductions. The new tax law for 2018 doubles the standard...
by Tiffany Mellow | Jun 27, 2018 | Personal Accounting, Personal Tax Deductions
The 2018 Tax Cuts and Jobs Act limits the deduction for home equity loans and home equity credit lines. The media has done a poor job of informing the public about this issue. Many of the newspaper and radio accounts have indicated there is no provision for deducting...
