When the Tax Cuts and Jobs Act (TCJA) was passed in December of 2017, one of the provisions was to generally disallow a deduction for business expenses relating to entertainment, amusement, or recreation.  The TCJA…

As students head back to school, there are some changes to education deductions that could save or cost you more in taxes and even raise college tuition costs. Here is what you need to know…

Under recent tax legislation, you can no longer claim personal exemptions, including ones for your children and other relatives (now through 2025). That means if you’ve been claiming an exemption for an elderly parent you…

Often lost in the excitement of large-scale tax change is how they can negatively impact some individual situations. Check out the questions below to see if you might be in for a tax surprise this…

The new Tax Cuts and Jobs Act (TCJA) includes numerous provisions designed to stimulate business growth, including changes in depreciation rules. A business entity can now write off the entire cost of qualified property the…

The Tax Cuts and Job Act of 2017 limits the amount of State and Local tax deductions individuals can deduct on their 2018 taxes to $10,000. In response, states in the Northeast that feature high…

Are you thinking of renovating a building you own in an historic part of town? Before you start knocking down walls, find out if the building qualifies as an historic structure. It could result in…

As we gear up for the fourth quarter, we’re getting closer to the first tax season with the new tax law in effect. Since the introduction of the Tax Cuts and Jobs Act last December,…