paid family leave

The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their…

If you’re the parent of a child who is age 17 to 23, and you pay all (or most) of his or her expenses,…

It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. Unfortunately, the Tax Cuts and Jobs Act…

buying vs leasing for tax benefits

Recent changes to federal tax law and accounting rules could affect whether you decide to lease…

pass thru corporation

Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations…

home office deduction

If you run your business from your home or perform certain functions at home that are related to your business, you might be able…

LLC

Limited liability company (LLC) members commonly claim that their distributive shares of LLC income — after…

file tax returns early

The IRS opened the 2018 income tax return filing season on January 28. Even if you…

investment interest expense

As you likely know by now, the Tax Cuts and Jobs Act (TCJA) reduced or eliminated many deductions for individuals. One itemized deduction the…

business real estate depreciation

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct…