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IRS Releases Updated 2018 Withholding Tables
The IRS has released updated withholding tables for 2018. The tables reflect major changes made by the Tax Cuts and Jobs Act...
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Tax Updates & Compliance
State and Local Tax Deduction Limited
Under pre-Act law, taxpayers could deduct from their taxable income as an itemized deduction several types of taxes paid at the state and...
Child Tax Credit Increased
Under pre-Act law, a taxpayer could claim a child tax credit of up to $1,000 per qualifying child under the age of 17....
Standard Deduction Increased
Taxpayers are allowed to reduce their adjusted gross income (AGI) by the standard deduction or the sum of itemized deductions to determine their...
IRS FAQ on Casualty Tree Loss
We've had a number of clients ask us questions since the wildfires on tree loss and what that means in terms of...
Extended Deadline to Provide Small Employer QSEHRA Notice to Employees
The IRS has extended the period to provide an initial written notice to eligible employees regarding a Qualified Small Employer Health Reimbursement...
