Monthly Archives: December 2018


2018 Tax Planning & Tips


New Tax Laws   On December 22, 2017 President Trump signed into law the “Tax Cuts and Jobs Act” (TCJA) (P.L. 115-97). Below are some of the individual changes under the new law.  Keep in mind that some of the tax provisions of this new law are permanent, however, most of the tax provisions only apply to for tax years 2018 - 2025. Standard Deduction Increased.  For tax years beginning after December 31, 2017 and [...]

2018 Tax Planning & Tips2018-12-19T21:20:38+00:00

Top 8 Tax Breaks for Parents


If you have children, you may be able to reduce your tax bill using these tax credits and deductions. Child Tax Credit: You may be able to take this credit on your tax return for each of your children under age 17. Qualifying dependents must have a valid Social Security Number. This credit is refundable, which means you may a refund even if you don’t owe any tax. Credit for Other Dependents: This is a [...]

Top 8 Tax Breaks for Parents2018-12-04T17:16:20+00:00