For people nearing retirement or in retirement, every dollar counts and planning ahead is paramount. That’s especially true for taxes. Now that 2018 tax returns are behind us, this is an opportune time to look for 2019 tax savings strategies for reti… Continue reading
Charities feared that the 2017 tax law would lead to a drop in charitable giving by individuals. The chief reason: the doubling of the standard deduction (to $24,000 for married couples filing jointly) would mean it wouldn’t pay for many to itemize on … Continue reading
When my oldest daughter graduated from college, I was amazed to discover that she had never taken an economics or finance class. Her education helped her secure a prestigious job doing medical research, yet she had no clue how to budget, do her taxes, … Continue reading
Next Avenue recently asked readers to send us their top questions about their 2018 tax returns and we would answer as many as we could. In the story published in late March, three tax experts sorted out confusion about: who needs to file; standard dedu… Continue reading
Vacation rental company Vacasa has compiled a useful list of tips to make tax season more efficient for owners of vacation rentals. Continue reading
A 20 percent deduction on your real estate business taxes could provide you the capital to accelerate the growth of your company or provide better compensation to your employees. Find out if your business can be set up to function in accordance with Se… Continue reading
(This article previously appeared on the PBS NewsHour site.) The tax overhaul Congress passed in late 2017 generally simplifies filing for millions of families in America with an increased standard deduction, but it can also limit some deductions that … Continue reading
This is an especially tricky tax season. Many tax-law changes Congress enacted in 2017 are now showing up on 2018 income tax returns. So it’s only natural that many taxpayers are confused. Next Avenue asked our readers to send us their questions. Then … Continue reading
If you’re trying to figure out how the Tax Cuts and Jobs Act, the sweeping tax law that took effect in 2018, has changed deductions for people 65 and older and family caregivers, you’re not alone. The 2019 tax season brings several changes that affect … Continue reading
Tax time is always taxing, but this year that’s especially true. That’s because many of the tax changes from the big 2017 tax law are showing up for 2018 tax returns. So you may be losing some write-offs you’ve taken in the past, you may be eligible fo… Continue reading