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E-Filing Begins January 29 

Your accountant can e-file your taxes as early as January 29th, if you have all your documents in order. This is just a few days away, so if you want to get ahead of the game and get your refund sooner, make sure you have all of your documents submitted to your accoun...

Increase to Child Tax Credit 

Under previous tax laws, taxpayers could claim a tax credit of up to $1,000 for each qualifying child under the age of 17. For tax years 2018 through 2025, the Child Tax Credit is increased to $2,000 per qualifying child under age 17. The law also adds a $500 nonref...

1. Check Your Withholdings 

The tax reform laws that were implemented for 2018 caused the automatic withholdings on most people’s paychecks to drop. While this likely meant larger paychecks for you throughout the year, it will also impact your taxes. If you’re used to receiving or owing roughly ...

Trump's Tax Reform impacts returns by increasing standard deductions, removing exemptions, capping local tax deductions, limiting mortgage interest deductions, reducing medical expense deduction thresholds, and suspending miscellaneous deductions. Consult a CPA for personalized guidance.
The blog lists common tax forms like W-2, 1099-MISC, 1099-DIV, 1099-INT, and K-1, and advises bringing relevant documents for your tax interview.