Thinking of Tossing Old Tax Records? Read This First
Now that your taxes have been completed for 2016, you are probably wondering which old records can be discarded. If you are like most taxpayers, you have records from years…
Volume 5 Issue 3
Can You Deduct a Home Office, and Is It Worth It?
Home office is a term used to describe the tax deduction for the business use of your home, which may or may not be an office. It is often misunderstood…
Thinking of Tapping Your Retirement Savings? Read This First
If you are looking for cash for a specific purpose, your retirement savings may be a tempting source. However, if you are under age 59½ and plan to withdraw money…
Deductions Eliminated Under Trump’s Tax Reform Proposal
One of President Trump’s key tax reforms is to eliminate all individual tax deductions except for those that incentivize home ownership, charitable contributions and retirement contributions. Although the administration’s one-page…