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4 Big Tax Breaks You May Lose Under GOP Tax Plan

October 2, 2017

There are tax benefits that are on the chopping block to help fund what businesses and individuals pay to Uncle Sam. FOR THE TOP 4 BREAKS THAT POTENTIALLY MAY BE LOST, CLICK ON THE HEADLINE

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Six Charitable Giving Strategies: Feel Good And Cut Your TaxesNovember 27, 2023 - 10:50 pm
There are many positive effects of donating beyond helping those in need. If you have experienced a high-income year, it is advisable to take advantage of charitable contributions to help you lower your taxable income.
IRS Resumes Sending Some Collection NoticesNovember 20, 2023 - 10:58 pm
For nearly two years more than a dozen automated collection letters and notices associated with the filing of a tax return or payment of tax have been on pause. Catching up from its backlog, the IRS has started sending out notices in limited circumstances.
You May Be Able To Deduct More From Your Income In 2024, IRS Says.November 13, 2023 - 7:51 pm
The IRS announced annual inflation adjustments for tax year 2024 in a Nov. 9 news release. More than 60 provisions were revised, including standard deductions and all seven tax brackets. The changes will apply to income tax returns filed in 2025. Here’s how the revisions will impact you.
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Here’s Where Financial Experts Are Stashing Their Savings (And So Can You)October 30, 2023 - 10:19 pm
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IRS Offers Way Out For Businesses Worried About Employee Retention Credit AuditsOctober 23, 2023 - 7:09 pm
The IRS announced Oct. 19 that it has officially created a special withdrawal process for businesses that have submitted an ERC application but have yet to receive any money. The goal is to offer small-business owners a way out if they now feel they had been tricked or pressured into filing a misleading or ineligible claim.
The IRS Is Going Paperless: Here’s How That Will Change Your TaxesOctober 17, 2023 - 12:02 am
In an effort to modernize tax filing, the IRS is working to be paperless by 2025. The process will certainly come with benefits for taxpayers – including faster processing times – but there will be some drawbacks as well.
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The commonly referred to as the Live Local Act, has significant land use, zoning and tax benefits. A Holland & Knight alert provides a general summary of the Act’s benefits from a tax perspective and an update on key certification deadlines.

Tag Archive for: GOP plan

4 Big Tax Breaks You May Lose Under GOP Tax Plan

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