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Category: News - Page 5

The Budget Deal Restored Certain Expired Tax Cuts

Posted in News on March 30, 2018

As a taxpayer, it's important that you take full advantage of any tax cuts that you are eligible for. A Virginia tax attorney can help you to take advantage of tax breaks so you can save as much as possible on your taxes. Read More

Amending Your Tax Return: When Should You Do It?

Posted in News on February 28, 2018

Filing taxes can be complicated, but you're still expected to provide correct information to the IRS despite the fact that doing so is often a challenge. If you discover a mistake in your tax return from this year, or from prior years, you may need to submit an amended return to correct the errors on the forms you submitted to the Internal Revenue Service. Read More

Tax Reform: Certain Deductions May Disappear

Posted in News on December 29, 2017

Federal lawmakers are hoping to pass a tax reform bill by the end of the 2017 year. The current proposals to overhaul the tax code involve changing tax rates as well as eliminating many of the current tax deductions. Read More

The SALT Deduction

Posted in News on November 30, 2017

There are many tax deductions that individuals and businesses take in order to reduce their tax liability. One of the most popular of the itemized deduction is called the SALT deduction. The SALT deduction is an acronym used to describe the state and local tax deduction. Essentially, tax-filers who take the SALT deduction pay taxes to their states in the form of real estate taxes, local income taxes, and other related tax costs. 

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Tax Reform Gains Momentum

Posted in News on October 27, 2017

When President Donald J. Trump took office, the Republican Party took control of all three branches of the federal government and the party had big plans for making substantial changes to Obamacare and to the tax code.  Read More

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