Tag: Tax Strategies

Purchases of a new and used business vehicle may qualify for tax breaks under current tax law. If you need a new vehicle to use for business purposes, review these details before you go shopping. Read More

The extended July 15 deadline for filing your 2019 federal income tax return is behind us. Now it's time to think about your current federal tax situation. Tax planning strategies are especially complicated for 2020. Read More

Reducing your current-year adjusted gross income (AGI) is usually a tax-smart idea. Here are ten tax planning strategies to reduce your AGI (and modified AGI) over the short and long run.   Closeup on AGI Read More

The free use of a company car is one of the best perks an employee may receive as part of a compensation package. But the benefit to the employee isn't completely "free" under current tax Read More

If your small business is unincorporated, you may be fed up with paying the federal self-employment (SE) tax. This tax is how the federal government collects Social Security and Medicare taxes from self-employed individuals. However, Read More

Do you know the highest individual tax rate under the new laws?  What are the highest tax rates in the history of the United States? While these were some interesting tax facts, those who attended Read More

Are you withholding enough money from your regular paychecks? The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the tax rules for individuals for 2018 through 2025. As a result, many Read More

The Tax Cuts and Jobs Act (TCJA) expands the first-year depreciation deductions for vehicles used more than 50% for business purposes. Here's what small business owners need to know to take advantage of expanded tax Read More

Do you own residential or commercial rental real estate? The Tax Cuts and Jobs Act (TCJA) brings several important changes that owners of rental properties should understand. In general, rental property owners will enjoy lower Read More

The Roth IRA remains an attractive retirement planning vehicle for many individuals after the changes made by the Tax Cuts and Jobs Act (TCJA). Here's what you need to know about a Roth IRA and Roth Read More