Legal Updates for Taxes

New Tax Law Extends the Expanded Obamacare Premium Tax Credit Through 2025

August 16, 2022. The Inflation Reduction Act extends the temporary exception to the 400% of federal poverty level cap for premium tax credits through 2025.

Deducting Your State Income Taxes with a Pass-Through Entity

June 23, 2022. Many states have adopted an optional pass-through entity (PTE) tax that effectively enables some business owners to deduct state income tax on their business income without limit.

New Tax Reporting Rules Start in 2022 for Payments by PayPal and Other Third-Party Payment Providers

In the past, the IRS often didn't know about payments made through PayPal or similar services. But in 2002, new tax reporting rules take effect.

New Rules for Charitable Contribution Deductions Under the CARES Act

Learn about the new $300 universal nonitemized “above the line” charitable deduction authorized in the wake of the COVID-19 crisis.

The $300/$600 Universal Charitable Deduction

Make sure you take advantage of this tax break for charitable donations through 2021

Do Landlords Need to File Form 1099-NEC?

January 18, 2019. All landlords should file Form 1099-MISC to qualify for important tax benefits including the 20% pass-through deduction.

Landlords Must Be In Business to Claim the 20% Pass-Through Tax Deduction

January 18, 2019. Learn about the new IRS safe harbor for landlords trying to establish that their rental activity is a business activity.

The Tax Cuts and Jobs Act: Key Changes for Individuals

January 1, 2018. Here are some of the most important changes for your personal taxes under the new tax law.

The Tax Cuts and Jobs Act: Key Changes for Businesses

January 1, 2018. Here are some of the most important changes for businesses under the new tax law.