September Tax Payment Deadline

September Tax Payment Deadline

To avoid interest and penalties, you must make sufficient federal income tax payments long before your April filing deadline. This can be done through withholding, estimated tax payments, or a combination of the two. The third 2018 estimated tax payment deadline for...
Back-to-school tax break for teachers

Back-to-school tax break for teachers

Teachers are setting up their classrooms for the new school year, and it’s common for them to pay for a portion of their classroom supplies out of pocket. A special tax break allows these educators to deduct some of their expenses. This educator expense deduction is...
Play your tax cards right when gambling

Play your tax cards right when gambling

If you gamble, be sure you understand the tax consequences that come along with it. Gambling wins and losses can affect your income tax bill. And changes under the Tax Cuts and Jobs Act (TCJA) could also have an impact. Gambling wins and taxable income You must report...
Do you still need to worry about the AMT?

Do you still need to worry about the AMT?

There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t included in the final version of the Tax Cuts and Jobs Act (TCJA), but the TCJA will reduce the number of taxpayers subject to the...