On 2/9/18, the U.S. government passed a $400 billion budget bill that retroactively renews about 30 tax breaks that expired at the end of 2016,
Category: Tax Deductions
2018 Tax Reform – Tax Law Changes
On December 22, 2017 the President signed into law H.R. 1 (officially titled ‘An Act to Provide for Reconciliation Pursuant to Titles II and V
Tax Tips – Individual Retirement Arrangements (IRA) Info
Taxpayers often have questions about Individual Retirement Arrangements, or IRAs. Common questions include: When can a person contribute, how does an IRA impact taxes, and
Tax Tips – Uber, Lyft, and Other Ride-Share Drivers
Ride-Sharing Services Instead of sitting at home watching TV reruns during their down time, some of people are making extra cash by offering their services in
What Deduction Should You Take – Itemized or Standard?
Itemize or Choose the Standard Deduction Most taxpayers claim the standard deduction when they file their federal tax return. However, some filers may be able
February Challenge – Tax Filing Time!
Get Your Taxes Done in 3 Simple Steps We all know filing taxes isn’t fun for most of us. That’s why TACCT Taxes is here
Self-Employed Tax Tips
Tax Tips for the Self-Employed Prior to tax planning, you must understand the difference between a self-employed individual and one who works full-time. You should
How to Report Gambling Income and Losses on Your Tax Return
Six Tips on Gambling Income and Losses Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The
2017 Mileage Rates Lowered by IRS
The Internal Revenue Service has issued the 2017 optional standard mileage rates to calculate the deductible costs of operating an automobile for business, charitable, medical
Tax Saving Strategies
Using these smart tax savings strategies will help you get off to a good start and may help you save more money. Check Your W-4