Planning

Under the Tax Cuts and Jobs Act (TCJA), you are generally allowed to deduct interest on up to $750,000 of new mortgage debt incurred to buy or improve a first or second residence (so-called home [...]

  Earlier this month New Jersey Democratic Governor Phil Murphy signed into law a measure that would allow property owners to donate up to 90 percent of their tax bill to charitable funds [...]

On December 22, President Trump signed into law the “Tax Cuts and Jobs Act” , a sweeping tax reform law that will entirely change the tax landscape. This article below by Thomson Reuters [...]

The Tax Cuts and Jobs Act is slowly winding its way through Congress. On November 16 the House of Representatives passed its version of the bill and the Senate followed suit; passing their [...]

This week the Senate will begin to deliberate upon their version of the Tax Cuts and Jobs Act. The House of Representatives has previously agreed upon their version of this tax reform act. When a [...]

Congress appears poised to enact a major tax reform law that could potentially make fundamental changes in the way you and your family calculate your federal income tax bill, and the amount of [...]

About 15 percent of the United States population, or nearly 50 million people, are age 65 or older, according to U.S. Census statistics. If you’re juggling eldercare responsibilities and have [...]

The IRS has released the 2018 inflation adjustments. Generally, the 2018 inflation adjustments will apply to tax years beginning in 2018. The 2018 inflation adjustments include the new tax rate [...]

At least that’s what President Trump said the other day on Twitter in response to a report by The New York Times. The story claims that Republicans were considering reducing the cap on [...]

While we’re still in the speculation stage as to what the final tax reform bill will look like, the various proposals put forth by President Trump and the House indicate that tax relief for [...]