Renting Your Vacation Home

Individuals, IRS NewsThe Doty GroupJuly 9, 2021Rental Income, Short Term Rentals, Vacation Home, Schedule E, Itemized Deductions, Expenses, Schedule A, Mortgage Interest, Property Taxes, Casualty losses

How Biden's Presidency Could Affect Your Tax Bill

Why 2020 is a Great Year (For Burgeoning Philanthropists At Least)

From The Doty Group, Individuals, Nonprofits, Tax ReformCatalin Clarke, CPANovember 17, 2020CARES Act, COVID-19, Coronavirus, Taxes, Individuals, Standard Deduction, Itemized Deductions, Catalin ClarkeComment

Year-End Tax Planning Moves to Make

Here is an overview of some of the important changes and issues from the Tax Cuts and Jobs Act, as well as some actions you may be able to take before year-end to maximize your tax savings for 2018.

IRS Tax Reform Tip: Tax Reform Affects If and How Taxpayers Itemize Their Deductions

Commonly referred to as the Tax Cuts and Jobs Act, TCJA, the tax reform law passed in 2017 nearly doubled standard deductions and changed several itemized deductions that can be claimed on Schedule A, Itemized Deductions. The following is an overview from the IRS on some of the changes.