Got questions about Opportunity Zones? The Internal Revenue Service (IRS) is offering a free webinar designed to give an overview of Opportunity Zones and related
Read MoreTag: TCJA
Taxes From A To Z 2020: G Is For GILTI
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office
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New Rules Mean All Taxpayers Can Benefit From A Charitable Donation
Feeling generous? The COVID-19 pandemic has put millions of taxpayers out of work, putting a strain on charitable organizations. To provide some relief, as part
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Working From Home? You May Not Be Able To Claim The Home Office Tax Deduction
Over a month ago, I wrote an article about the home office deduction that attracted very little notice. I figured folks were either overwhelmed with COVID-19 coverage,
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Don’t Count On The Home Office Deduction In 2020
Chances are that you’re reading this from home. With social distancing encouraged due to the COVID-19 pandemic – and in states like mine, actually mandatory – many
Read MoreTax Extender Bill Means Return Of Some Popular Deductions
There’s snow on the ground, the calendar is winding down, folks are gearing up for the new year, so of course, we’re getting… EXTENDERS? Yes,
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Ask The Taxgirl: Itemized Deductions & Standard Deductions Under TCJA
Taxpayer asks: Reading about you connected me to this site. I had a small question. That is can I double my deductions on my 2019
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IRS Confirms That Making Large Gifts Won’t Adversely Impact Estates
Ready to do some estate planning, but worried that the rug could be pulled out from under your feet once the Tax Cuts and Jobs
Read MoreAsk The Taxgirl: Are Home Equity Loans Still Deductible?
Taxpayer asks: In September 2017 we refinanced our house to pay off crushing credit card debt we incurred during the recession and could not hope
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Courts Say No To SALT Deduction Challenge
It turns out that there is such a thing as too much SALT. U.S. District Judge J. Paul Oetken has dismissed a lawsuit filed by
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