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Taxpayer Withholding
The Internal Revenue Service warned taxpayers to check their income tax withholding for almost all of 2018 due to how the Tax Cuts and Jobs Act affected tax brackets. The IRS announced it would waive the penalty for not paying enough estimated tax if affected taxpayers met most of their tax liability in 2018.
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Eco-friendly Cars – Save On Taxes
Tax Write Offs for Eco-friendly Vehicles Save up to $7,500 on your next vehicle–if it’s eco-friendly? Have you thought about an electric or plug-in hybrid car? If so, you could save! Not to mention the savings on fuel at the pump by using an electric vehicle. Most business owners are aware they can write…
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Home Ownership —Tax Laws
Navigating our way through the new tax laws concerning home ownership. What’s deductible: closing costs, mortgage interest, property taxes? Let’s take a closer look and break down some of the basics.