Looking ahead: Tax reform in 2018
Congress has passed tax reform that will take effect in 2018, ushering in some of the most significant tax changes in three decades. Here are some major items in the new bill that impact individual taxpayers.
Mileage rates for 2018
The IRS recently announced mileage rates to be used for travel in 2018. The standard business mileage rate increased by 1 cent to 54.5 cents per mile. The medical and moving mileage rates also increased by 1 cent, to 18 cents per mile. Charitable mileage rates remained unchanged at 14 cents per mile.
2017 TAX REFORM: Checkpoint Special Study on Individual Tax Changes in the “Tax Cuts and Jobs Act”
The recently enacted Tax Cuts and Jobs Act is a sweeping tax package that will take effect in 2018. Here is a detailed article provided by our tax service of the significant changes impacting individuals and businesses.
Tax Cuts and Jobs Act Summary
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals.
Business owners: Ready for 1099 reporting?
There are more than a dozen variations of the information return known as Form 1099. Most are specific to certain industries. But nearly every company, large or small, has to issue Form 1099-MISC.
Save on your 2017 tax bill with these last-minute moves
You still have time to put yourself in the best tax position possible before the clock strikes midnight on New Year’s Eve. Follow these five tips and you won’t be sorry when tax season rolls around.
November 2017 Market Insight
We hope the Thanksgiving holiday was a wonderful time for you and your loved ones. There’s usually plenty of food, football, and shopping. While Americans love to snatch up deals on Black Friday and Cyber Monday, did you know there’s another shopping event that is larger than these two days combined?
Get ready to save more in 2018
You can save more for retirement next year using tax-advantaged accounts, thanks to a boost in the maximum 401(k) contribution rate by the IRS. The maximum rate increases by $500 to $18,500, which is the first increase in three years.
Maximize your charitable gift deduction
Taxpayers often overlook and underreport charitable contributions on their tax returns.
