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​Will the New Federal Tax Law Mean Ohioans Pay Higher Income Taxes?

It depends. Most taxpayers will not see a significant net tax change. Tax rates are decreasing. The standard deduction is nearly doubling. Deductions are being capped and eliminated. The Alternative Minimum Tax exemption is increasing. The people mos… Read More

Is Mortgage Interest Still Deductible on Your Tax Return?

Currently, for the tax return you will file for 2017, the mortgage interest deduction remains unchanged. The New Tax Reform, signed into law by President Trump on December 22, 2017, changes the deduction significantly for people who have a home equit… Read More

New Tax Laws in 2018

Under the new tax laws, most of the changes will affect your 2018 tax return (taxes you will file in 2019). Many of the changes affect the standard and itemized deductions, including the nearly doubling of the standard deduction and removal or reduct… Read More

​Do You Have to Answer the Health Insurance Coverage Question on Your 2017 Tax Return?

The IRS is handling the health insurance coverage question on your 2017 tax return differently this year. For the tax return you will file in 2018 and 2019 for tax years 2017 and 2018 respectively, you will need to answer the health insurance coverag… Read More

​How Do I Qualify for the New Business Income Deduction?

President Trump signed into law the new tax reform on December 22, 2017. One of the biggest changes under the new reform is the up to 20% tax deduction of qualified business income for flow-through business entities subject to limitations. This deduc… Read More

Will You Be Able to Continue to Deduct Ohio Income Taxes from Your Federal Taxes?

The new tax reform, signed into law by President Trump on December 22, 2017, brought sweeping changes to the current tax code. One of the biggest changes is the cap on state and local taxes (SALT) and the nearly doubling of the standard deduction t… Read More

How Will the New Tax Law Affect Your 2017 Taxes?

President Trump signed the new tax reform bill into law on December 22, 2017. The biggest rewrite of the tax code in almost thirty years has left taxpayers confused about how it affects the taxes they will file for 2017. Most of the changes will take… Read More

Should I Itemize or Take the Standard Deduction?

With the new tax reform signed into law this past December, many people are asking themselves if they should itemize or take the standard deduction. Good news! Although tax reform was passed this past year, the new law primarily affects 2018 taxes (f… Read More

Welcome!

Welcome to the new website for the Gudorf Tax Group, LLC. We’re excited to bring our expertise in tax preparation services, accounting and more to Ohio.  Keep an eye out here as we update our blog regularly and bring you free resources that… Read More

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