Tax credits
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The New Home Mortgage Interest Deduction
March 3, 2020 2:52 AM
By Mark Kohler: The Mortgage interest deduction is a seemingly easy to understand and straight forward tax deduction that will be utilized by millions of Americans when they file their taxes this year. However, it was dramatically changed under the Tax Cuts and Jobs Act of 2017, “clarified” by the IRS in...
Why is it a good idea to do a "Withholding Checkup" with your clients?
February 11, 2020 5:03 AM
With the passage of the Tax Cuts and Jobs Act came some sweeping changes to the IRS's withholding calculator and tables. Many taxpayers who previously under-withheld on their W-4 to balance their itemized deductions—and who didn't re-evaluate their withholding strategy with the TCJA's tweaks to itemized...
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