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The landscape of federal tax policy is shifting again, and this time the changes are sweeping. The new law backed by President Donald Trump and narrowly passed in the House has been called one of the most significant pieces of legislation in his seco… Read More

When tax season rolls around, few deductions get as much attention as the SALT deduction. Short for State and Local Tax, this deduction can reduce your federal taxable income if you pay certain taxes to state and local governments. But the SALT deduc… Read More

Property taxes can be a significant burden, especially for seniors, disabled residents, and surviving spouses. Ohio’s Homestead Exemption is a state program that provides targeted property tax relief to those who qualify—helping longtime homeowne… Read More

In 2024, many drivers chose to invest in electric vehicles (EVs) as a step toward a cleaner, more sustainable future. Beyond the environmental benefits, EVs can also provide valuable financial incentives. If you purchased an electric vehicle in 2024,… Read More

Taxes can be confusing—especially when it comes to deductions and losses. One concept that trips up many taxpayers is passive activity loss limitations. These rules determine when and how certain losses can be used to reduce your taxable income. If… Read More

The PATH Act, officially known as the Protecting Americans from Tax Hikes Act of 2015, introduced several crucial changes affecting your taxes today. It not only aimed to curb fraud but also made significant adjustments to popular tax credits and ded… Read More

Every year, taxpayers look forward to receiving their tax refunds and for many, it’s a necessary financial boost. A tax refund transfer is an option that allows you to pay for tax preparation services using your anticipated refund (rather than payi… Read More

Losing a loved one is one of the hardest parts of life, and handling their financial matters while grieving can feel nearly impossible. One important responsibility you may face is filing a tax return for a person who has passed away. At Gudorf Tax G… Read More