…retirees. Click the link below and then click on any state in the map for the option to add the state to your compare list. https://www.kiplinger.com/kiplinger-tools/retirement/t055-s001-state-by-state-guide-to-taxes-on-retirees/index.php If you have questions…
…you were essentially giving the government an interest-free loan. That’s why a large refund for the previous tax year would usually indicate that you should consider reducing the amounts you’re…
…Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can currently deduct — beginning in 2018. This…
…late. Although October 15 is the last day for most people to file, some taxpayers may have more time. They include: Members of the military and others serving in a combat…
…$69,000) Maximum compensation used to determine contributions: $350,000 (up from $345,000) Annual benefit for defined benefit plans: $280,000 (up from $275,000) Compensation defining a highly compensated employee: $160,000 (up from…
With school out, you might be hiring your child to work at your company. In addition to giving your son or daughter some business knowledge, you and your child could…
…midsize companies focused on innovation. As the tax code currently stands, the deductibility of these expenses is limited, leading to financial strain for companies that used to be able to…
…a part (or combination of parts) that is a major component or a significant portion of the physical structure of a unit of property. Under the “adaptation test,” you generally…
…than two co-owners can get complicated, because each co-owner must buy life insurance policies on all the other co-owners. In this scenario, you may want to use a trust or…
…Limitation on deducting large business losses recognized by individual taxpayers. For Businesses 100% bonus depreciation for qualified business assets (expires after 2022).* Bonus depreciation with declining percentages for 2023 through…
