New tax legislation provides numerous tax benefits for individuals for 2018 through 2025. But not all the changes are likely to align with your go-to tax strategy from previous years.   Let’s Talk Tax Reform…

Most of the time, year-end tax planning is based on tried-and-true principles. For instance, people often end up accelerating deductions into the current year to offset their tax liabilities, while deferring income to the next…

As a result of the latest sweeping tax reform, there are about 8,700 designated Opportunity Zones throughout the United States. Navigate the below map to find eligible municipalities and speak with your CPA about the…

In December 2017, the Tax Cuts and Jobs Act was signed into law. The bill represented the first major tax reform since the 1980s. Some of the most notable pieces of the bill were the…

Consider conducting a final tax planning review now to see if you can still take actions to minimize your taxes this year. Here are some ideas to get you started. Assess your income. Begin by…

One of the changes brought by Tax Cuts and Jobs Act (TCJA) is elimination of many personal itemized deductions. All miscellaneous itemized deductions that are subject to 2% of AGI limit are temporarily repealed for…

Tax reform’s sweeping changes not only impact individuals and for-profit businesses in 2018, but also includes changes that non-profits need to be aware of. Provisions within the Tax Cuts and Jobs Act (TCJA) will affect charitable giving and…

Note: Have questions when it comes to tax reform’s new deduction rules? Our upcoming Alloy Academy “I Can Deduct That, Right?” will go over what is and is no longer deductible with the Tax Cuts…