Quick Recap of New GOP Tax Bill Beginning 2018

The new year brings a new and sweeping one thousand page tax bill.  Here are some of the highlights for individual taxpayers: The deduction for state, local income, sales, and property taxes are to be limited to $10,000. Eliminates the deduction for unreimbursed business expenses and miscellaneous expenses such as tax preparation fees and attorney […]

Tax Planning For The Unknown

The possibility that there will be major tax reform in the next several months makes tax planning for this year more important than ever. The possibility of lost deductions along with some lowering of tax rates for next year, means that you can save big on taxes in if you accelerate deductions in 2017 and […]