- States Sue U.S. to Void $10,000 Cap on State and Local Tax Deduction
- Four states – New York, Connecticut, Maryland and New Jersey – have sued the federal government to void the tax-reform cap on the federal itemized deduction for state and local taxes, contending that limiting the deduction is unconstitutional. The taxes at issue include state and local income taxes, real property (real estate) taxes and personal property taxes.
- 133,000 Injured Veterans Entitled to Tax Refunds
- As a result of the 2016 Combat-Injured Veterans Tax Fairness Act, more than 133,000 injured veterans may qualify for a federal tax refund. The minimum refund is estimated at $1,750, meaning the government will be paying out an estimated minimum of $228 million.
- A Breakdown of the Proposed IRS 1040
- Remember the IRS’s promise about being able to file your income tax return using a postcard?
- Did You Pay Too Much Tax in Prior Years?
- Have you been preparing your own returns? If not, did you have someone prepare it who didn’t take the time to query you about possible tax deductions, credits or filing status options? If you answered either question yes, you could have missed out on a number of tax benefits that could have saved you big bucks in taxes.
- Business Tax Reform Planning Options
- Tax reform enacted at the end of 2017 included many issues that small businesses should be aware of to ensure the best tax outcome when filing their 2018 tax returns. Learn more.
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