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What the New Tax Law Means for the Home Equity Loan Interest Deduction

May 2018

Prior to the recent tax law changes, taxpayers were allowed to deduct qualifying mortgage interest on loans up to $1 million, plus the interest on an additional $100,000 in home equity debt. The new tax law clearly limits … Continue reading

 

High-Tax States Scheming to Offset New Tax Law Impact

The new GOP tax law places high income and property tax states at a distinct disadvantage. Before the new tax bill, any and all state and local taxes (commonly referred to as SALT) could be taken as itemized deductions without … Continue reading

 

Can the World Economic Forum Tackle Cybercrime?

To many people, Bitcoin and blockchain technology are the same thing. Bitcoin might be the best-known example of a successful application of blockchain technology, but as soon as business leaders understood the power and advantages of the Bitcoin model, various … Continue reading

 

This Year’s Fuel for Economic Growth

March 2018

There are several factors expected to help fuel the economy through 2018. The first is government intervention through fiscal policy.

Congress passed the Tax Cuts and Jobs Act at the end of 2017. This legislation offers a plethora … Continue reading

 

Estate Planning Essentials You Need to Revisit Due to the New Tax Law

Estate planning is never done. Just like a piece of real estate, it needs periodic maintenance and care to make sure it’s in good shape when you need it most. Provisions in the newly passed GOP tax plan mean it’s … Continue reading

 

Tip: Protect Yourself from Tax Refund Scammers

March 2018

Although tax filing season has been officially open only since Jan. 29, the Internal Revenue Service (IRS) is warning that reports of refund scams are already skyrocketing. Here’s an overview of the most common type of scam and … Continue reading

 

Retirement: Living on Less

February 2018

By 2035, millions of baby boomers might well be living a meager existence. That’s because today, close to half of the households in the United States have absolutely nothing saved for retirement. Over the past 25 years, pensions … Continue reading

 

Cryptocurrency Tax Essentials

February 2018

Cryptocurrency is hot right now. As it emerges as an asset class of its own, many people are still confused how to treat it for federal income tax purposes. In response, the IRS issued guidance back in 2014 … Continue reading

 

2017 Tax Cuts & Jobs Act: What it Means For Businesses

January 2018

The Tax Cuts and Jobs Act was signed by President Trump on December 22, 2017. The Act makes sweeping changes to the U.S. tax code and impacts virtually every taxpayer. For businesses, tax benefits include a reduction in … Continue reading

 

2017 Tax Cuts & Jobs Act: Impact on Families

January 2018

The Tax Cuts and Jobs Act makes sweeping tax changes that impact virtually all taxpayers. For individual taxpayers and their families, changes include a decrease in the tax rates, repeal of the personal exemption, increase in the standard … Continue reading