by Paula Kennedy, EA | Mar 19, 2018 | Tax
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily...
by Paula Kennedy, EA | Mar 2, 2018 | Tax
Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently passed...
by Paula Kennedy, EA | Feb 9, 2018 | Business, Tax
Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. And for 2018, even fewer taxpayers will be eligible for a home office deduction. Changes under the TCJA For employees, home...
by Paula Kennedy, EA | Feb 9, 2018 | Tax
The IRS has just announced that it will begin accepting 2017 income tax returns on January 29. You may be more concerned about the April 17 filing deadline, or even the extended deadline of October 15 (if you file for an extension by April 17). After all, why go...
by Paula Kennedy, EA | Jan 18, 2018 | Tax
Watch out for the latest W-2 Tax Scam. This Form W-2 phishing scam made victims of hundreds of organizations and thousands of employees last year. The IRS says the Form W-2 scam has emerged as one of the most dangerous phishing emails in the tax community. During the...
