Depreciation limits on luxury automobiles
The Tax Cuts and Jobs Act changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017.
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Tax Deduction
Your deductions are important! Ask Vernoia, Enterline + Brewer, CPA LLC.
IRS offers summer tips for temporary jobs, marriage, deductions and credits
Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions.
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Deducting Home Equity Interest Under the Tax Cuts and Jobs Act
Passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has led to confusion over some longstanding deductions. In response, the IRS recently issued a statement clarifying that the interest on home equity loans, home equity lines of credit and second mortgages will, in many cases, remain deductible.
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