I have $98,650 in qualifying section 179 expense deductions. My questions is how will this affect my refund this year if I am in 24% tax bracket. I am a first year business owner and had a lot of start up expenses and looking to invest it back.
Trying to get a head-start on my 2018 taxes to get an estimate before year-end on where things stand. When trying to enter my property taxes TurboTax states that "the IRS is still updating the 2018 tax laws for property (real estate) taxes. That mean...read more
We know that you work hard for your money and often a tax refund may be the biggest check you get all year, so we’re here to let you know how the new tax reform legislation may affect your tax refund next year. The new tax law is the largest piece of...read more
Tax reform last year changed things I think. Niw I need to know how to calculate our withholding for 2019. My wife is 68 and I turn 65 in February. She receives $1200/mo pre-deductions from Social Security. I receive $2100/mo pre-deduction from Soc S...read more
I am as self-employed writer and need to make my final estimated tax payment by January 15. Are the tax forms up to date for schedule C income (that 20 percent deduction that was in the tax reform package)? I do not want to overpay (or underpay, for ...read more
On December 22, the President signed the tax reform bill into law that made sweeping changes to the tax law. Now that you have filed your 2017 taxes and the year is more than half way over, you may be wondering what to expect and what moves you shoul...read more