by PTF | Jan 16, 2021 | Planning Services, Tax Preparation
What Are the Tax Advantages of Home Ownership? Article Highlights: Historically Low Interest Rates Purchase Costs Points Mortgage Payments Refinancing Property Taxes Inflation Gain Exclusion Renting Versus Owning Worksheet to Analyze Costs Housing is a big expense for...
by PTF | Jan 14, 2021 | Business Services, Individuals, Planning Services, Resource, Tax Preparation
How to Address Rising Tax Problems During COVID-19 COVID-19 has caused the death of over 300,000 people. There have been nearly 19 million reported cases in the United States. COVID-19 has touched nearly every aspect of the lives of every American. It has even...
by PTF | Jan 9, 2021 | Business Services, Planning Services, Resource, Tax Preparation
Increased Business Meal Deductions for 2021 and 2022 Article Highlights: Business Meals Under TCJA 100% Deduction for 2021 and 2022 Qualifications If you recall, the Tax Cuts and Jobs Act (TCJA), effective beginning in 2018, eliminated the business-related deduction...
by PTF | Jan 8, 2021 | Business Services, Individuals, Resource, Tax Preparation
2021 Standard Mileage Rates Announced Highlights: Standard Mileage Rates for 2021 Business, Charitable, Medical and Moving Rates Important Considerations for 2021 Switching between the Actual Expense and Standard Mileage Rate Methods Employer Reimbursements Employee...
by PTF | Dec 28, 2020 | Articles, Planning Services, Resource, Tax Preparation
Article Highlights Take Full Advantage of Your Deductions Traditional IRA Contributions at Any Age Make Charitable Contributions with IRA Funds Larger-than-Normal Charitable Contributions May Be Possible Deducting Charitable Contributions Without Itemizing Marital...
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