The Tax Cuts and Jobs Act (TCJA) limited itemized deductions and doubled the standard deduction to entice more taxpayers to skip itemizing – but money-saving deductions still remain for eligible ...

You have an important decision to make each time you fill out your federal income tax return: Take the standard deduction or claim itemized deductions. And, of course, you'll always want to pick ...

It is easy to lump deductions, credits, and exemptions into the same basket of tax-saving mechanisms, but they are distinctly different. One major difference is that the Tax Cuts and Jobs Act of 2017 ...

Eight financial industry trade groups and independent broker-dealers (IBDs) have sent a joint letter urging the leadership of the U.S. House and Senate tax writing committees to make investment ...

The OBBBA brings significant changes to the treatment of R&E expenditures and business interest deductions, benefitting ecommerce businesses. Proper documentation and expert CPA guidance are key to ...

If you’re fortunate enough to be able to donate money this year, plenty of causes need your attention. In a year like 2020, choosing where to direct your dollars is like picking your favorite child.

The $2 trillion stimulus bill that cleared Congress Friday expands the charitable deduction to all taxpayers for a year, makes nonprofits eligible for federal loans that could be largely forgiven, and ...

Private mortgage insurance (PMI) and mortgage insurance premiums (MIP) are often required for homebuyers who put down less than 20% on their homes. These insurance premiums were not deductible from ...