Tax Deductions… Can Also Be Investments?

Tax Deductions… Can Also Be Investments?
If you want a way to invest your money and also attain tax deductions (talk about a great return on investment), then this article is for you. Here we’ll talk about something called Qualified Opportunity Zones (hereafter referred to as QO zones)... Read More »
 

New Online Sales Tax – The Wayfair Decision

New Online Sales Tax – The Wayfair Decision
Background: Online Sales Tax – Then and Now We all know that online businesses have had it good for years. They have never been forced to pay sales tax… until now. This was due to a Supreme Court decision in 1992 (Quill Corp. v North Dakota) that ... Read More »
 

New Child Tax Credit – How it Affects You

New Child Tax Credit – How it Affects You
For tax years 2017-2026, the Tax Cuts and Jobs Act (hereafter referred to as TCJA) doubles the maximum Child Tax Credit (CTC) from $1,000 to $2,000 per qualifying child. The TCJS also increases the amount you can receive for dependents who aren’t... Read More »
 

New Tax Forms For Senior Citizens

New Tax Forms For Senior Citizens
Senior citizens have long been forced to file the “form 1040” and this will be changed to a new “1040-SR”. Pros: The form 1040 is a long and complex document that the elderly were forced into due to the less complex 1040-EZ form not being... Read More »