Category

Tax Tips

tax-resolution

Is Alimony Tax Deductible?

By | Blog, Tax Tips

After 70 years of the same alimony tax rules, the Tax Cuts and Jobs Act (TCJA) brought in the end of an era. Under this law, alimony deduction was eliminated from the tax code beginning January 1, 2019 through 2025. If your divorce was finalized before 2019, the old rules…

Read More
tax-services

The Truth about Tax Extensions

By | Blog, Tax Tips

Filing for a tax extension can be a huge relief in many circumstances – they allow you an additional 6 months to file your tax return. The only problem with them is, some people are unaware of what they really do and do not do. This extension made to assist…

Read More

Rental Tax Deduction

By | Tax Tips

Renting out a home can be a bit intimidating, at first thought. The cost of home repairs and the gamble of finding tenants can be stressful, but the benefits of income and tax deductions can make it all worth it.   Many rental property expenses can be deducted to offset…

Read More

Tax Tips: Uber and Lyft Drivers

By | Tax Tips

Driving for Uber or Lyft has the benefits of being self-employed, however it also comes along with the responsibilities of owning your own business. The IRS treats Uber and Lyft drivers as businesses which then has separate filing requirements when it comes to tax. Unlike employees and wage earners who…

Read More