On March 18, the Internal Revenue Service issued Notice 2020-17, Relief for Taxpayers Affected by Ongoing Coronavirus Disease 2019...
Tax Planning
How to Properly Report Qualified Charitable Distributions on Your Form 1040
A popular tax strategy for individuals over 70 ½ years of age who wish to give money to charity is to make a distribution to the...
SECURE Act Law Could be Boon for Charities
The recently passed SECURE Act has made several changes to retirement plans, some of which could result in an increase in the amount...
Year-End Tax Planning Tips for 2019
The Tax Cuts and Jobs Act of 2017 (TCJA) made significant changes to practically everyone’s Federal income taxes beginning in 2018....
How Are IRA Distributions Taxed in New Jersey?
This article originally appeared on NJMoneyHelp.com in the Ask NJ Money Help column. I moved to New Jersey after working overseas for...
Tax Bill Update (The SECURE Act)
In December 2018, there was a new tax bill working its way through Congress. Called the “Retirement Savings and Other Tax Relief Act...
Unusual Medical Tax Deductions You May Not Know About
Many Americans who used to itemize their taxes won't do so again this year because the new tax law has reduced and even eliminated...
How to Assess if the New Tax Law Helped You
So many Americans are still trying to figure out if the new tax law helped or hurt them. One’s instinct is to judge it based on...
How to Get Ready for the Tax Preparer
Tax season officially started this week, and the IRS maintains it is expecting to issue refunds within 21 days of when it receives...
An Update on the Concern About the IRS Tax Withholding Tables
This is an update on an issue we brought to your attention on November 9 - "The IRS Tax Withholding Tables May be Inaccurate. Here's...
Tax Bill Alert
Don’t look now but another tax bill is working its way through the House Ways and Means Committee. If passed in its present form, it...
The IRS Tax Withholding Tables May Be Inaccurate. Here’s What You Need to Know.
Typically, when a tax law is passed that changes the marginal tax rates, the IRS issues new tax withholding tables (for payroll and...