New Limitations On Home Mortgage Interest Expense

Another big change for taxpayers is that Congress has set a new, lower dollar limit on home mortgage interest, and many taxpayers are not aware of this.   Effective Dec. 16, 2017, taxpayers obtaining new mortgages may deduct their mortgage interest applicable up to...

Keeping Up With Tax Law Changes

Recently I was talking to a friend/client that is an engineer. We were discussing some of the tax law changes, that went into affect in the 2018 tax year, and how it will affect his engineering firm.  After we went over some of the tax law changes, he stated “You must...

What to Do if You Missed the Tax Deadline

Monday, April 15, 2019, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2018 tax return yet, it’s not too late. First, gather any information related to income and deductions for the tax years for which a return is...
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