nscript

Category: Uncategorized

4 posts
Tax Season Has Started

Tax Season Has Started

Millions of taxpayers typically file their tax return at the beginning of the year to get a refund. Until January 8, 2019, it was uncertain when refunds would be paid out due to the government shutdown that began on December 22, 2018. Starting today, January 28, 2019,...

read more
How You Lost the $4,050 Personal Exemption

How You Lost the $4,050 Personal Exemption

One of the goals of the Tax Cuts and Jobs Act bill was to simplify taxes. In an effort to simplify taxes, the per person exemption was eliminated. This exemption previously allowed you to claim $4,050 per person in your tax household and exclude that amount from your...

read more
Are you still on the hook to have health insurance?

Are you still on the hook to have health insurance?

With the implementation of the Tax Cuts and Jobs Act bill, there were some important changes to the Affordable Care Act, or what you may refer to as ObamaCare. The biggest misconception of the new tax law is that the mandate to have health insurance was eliminated...

read more
Filers Who Itemize: New Limitations to Taxes You Can Claim

Filers Who Itemize: New Limitations to Taxes You Can Claim

The Tax Cuts and Jobs Act Law limits the amount of state and local taxes (SALT) you can claim to $10,000 per year (or $5,000 if married filing separately) if itemizing your deductions on your 2018 return. Previously, there was not a dollar limitation on the amount of...

read more

Didn't find what you were looking for?