Yes, tax reform is confusing. In part 2 we hope to shed light on other areas of tax reform changes. As mentioned last week, we decided to put together a side-by side comparison of the old and new law. At the end of Part 1’s blog post, is an infographic to help you maneuver all the details behind Tax Reform. Below we will break down Part 2 of this very long infographic for an easier understanding. Let’s go!
Itemized deductions, what are the income limitations? Who qualifies for the standard deduction? Who is not allowed to use the standard deduction? How do I phase-out itemized deductions? All these questions may be running through your … Read More
By: Alex Franch, BS EA On paper, presidents Barack Obama and Ronald Reagan could not be more different. But despite their political differences, they do have something in common regarding their approach to taxes. The History of Federal … Read More
The American Taxpayer Relief Act of 2012, signed by President Obama on January 2nd, included a permanent AMT (Alternative Minimum Tax) Patch. The AMT was first enacted in 1969 to make sure the ultra-rich paid their … Read More