Month: May 2018

4 ways to cut down kiddie tax

The Tax Cuts and Jobs Act (TCJA) put some sharper teeth into the “kiddie tax” rules. But with some astute planning, parents can avoid dire tax consequences. Starting this year, the calculation used to tax unearned income above an annual…

Don’t fall for these 3 IRS scams

The IRS recently issued its annual list of the Dirty Dozen tax scams to watch out for throughout the year. Here are three top scam themes to come out of the list, plus ways to protect yourself from them: 1.…

4 new and improved depreciation tax breaks

The new Tax Cuts and Jobs Act (TCJA) includes numerous provisions designed to stimulate business growth, including changes in depreciation rules. A business entity can now write off the entire cost of qualified property the year it is placed in…