It’s safe to say this could be one of the most interesting tax filing seasons in the last several decades. This is the first year of filing taxes under the new Tax Cut and Jobs Act. And that means there are…
Category: blog
Will the Shutdown Delay Your Tax Refund?
Whether or not you’re following the government shutdown, eventually it could affect you. For most people, life has continued as normal since the federal government decided to shut down late last year. If you don’t work for the government, then…
How Will Billion Dollar Lottery Winner Fair Under New Tax Law?
What would you do if you won $1.5 billion dollars? That’s exactly what happened for one ultra lucky individual in October. The life of the winner of the largest single ticket jackpot in history will never be the same. What…
Incoming House Democrats Win First Tax Battle
The calendar year has not yet changed, which means newly elected members of the House and Senate have yet to officially take their seats in the Nation’s Capitol. However, House democrats are already busy making changes in preparation for the new year. And one…
Could You Claim a Tax Credit for Your Nanny?
Although tax laws have certainly changed under the Tax Cut and Jobs Act, there are still numerous tax credits available. Some of these credits are obvious. But there are several you might be overlooking. For example, did you hire or use a…
Are All Fines Non-Deductible?
A few weeks ago Elon Muck made some big news when he got in trouble with the SEC. The agency investigated the Tesla CEO after he made public comments about possibly taking the company private. There was even talk he could be ousted from…
What a $1000 Investment in Tesla 8 Years Ago Is Worth Now
Have you ever fancied yourself zooming around in a Tesla? Perhaps you already own one of these amazing vehicles. You might even own stock in the company. Many Tesla drivers have also invested in the company. So what is that investment worth? At…
This Could Be the Year to Stop Itemizing Your Deductions
Tax season is just about here again. That means millions of people are getting ready to gather up all their financial information for the year 2018 and file their returns. This year will be like no other, thanks to the Tax Cut…
What’s the Biggest Mistake Young Investors Make?
There are all kinds of investors and there are even more investing strategies. There are also just as many possible mistakes you can make as an investor. Those who’ve been in the stock market a long time have likely seen it all. And…
Tagged with: Investing
What’s New With the Alternative Minimum Tax?
The Tax Cut and Jobs Act affected numerous portions of the nation’s tax law. However, one part that hasn’t been discussed much is its effect on the Alternative Minimum Tax (AMT). The AMT has been around since 1969 and its…
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