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Tax Cuts and Jobs Act

Understanding the Consequences of the New Tax Cuts and Jobs Act

Last year, union dues and other job-related expenses exceeding 2% of adjusted gross income (AGI) could still be deducted as miscellaneous deductions. However, for 2018 (and for the foreseeable future), those deductions have been eliminated. All work-related tools, supplies, clothing, union dues, and other work expenses are no longer deductible. The same is true for home office expenses and unreimbursed travel and mileage costs.

Thankfully, new proposed legislation might help combat the harmful aspects of the Trump Administration’s tax law and put more money in American worker’s pockets instead of the IRS’ coffers. Keep reading to learn more. Read more

get ready for tax season

5 Tips to Help You Get Ready for Tax Season

Tax Season Is Right Around the Corner — Start Preparing Now!

With tax season on the horizon, now is the time to begin preparing to file your returns, especially if you haven’t filed in recent years or have a history of tax liabilities.

Regardless of your situation, every year there are certain steps you can take to lighten your load, reduce your stress, and keep your bank account healthy. Follow these five tips to make this a simple and successful tax season. Read more