» Tax Deductions & Credits

Home Business Deduction Tax Form

Home Office Deduction 2018

Many taxpayers are asking if they will still qualify for the home office deduction in 2018. The tax reform changes signed into law by President Trump in December 2017 made drastic changes to the tax code. It is the most comprehensive tax reform in mo… Read More
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Ohio Small Business Owner Qualifies for Ohio Small Business Deduction

Who Qualifies for the Ohio Small Business Deduction?

Many Ohio taxpayers each year fail to take advantage of the Ohio Small Business Deduction, which could save them thousands of dollars. Many are not aware of who qualifies for the Ohio Small Business Deduction. Some who are aware of it may think the… Read More
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Earned income tax credit form

Earned Income Tax Credit Overview

Earned Income Tax Credit is a refundable tax credit for low and moderate income individuals and families. If the credit reduces your tax liability to zero or if your income is low enough that you are tax exempt, the Earned Income Tax Credit can still… Read More
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Couple High-Fiving After Tax Planning

Benefits of Tax Planning

Tax planning is essential to lowering your tax bill. Meeting with a tax professional and reviewing your tax status before the end of the year allows you to develop tax strategies to take advantage of tax saving measures, before it’s too late. Altho… Read More
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Tax Deductions paper and handwritten calculations

​Four Tax Deductions Eliminated under the New Tax Reform

The New Tax Reform signed into law by President Trump in December 2017 simplified taxes for millions of Americans by almost doubling the standard deduction. Starting with tax year 2018, the IRS expects millions of taxpayers to stop itemizing and star… Read More
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Charitable Giving: Donation box with food.

Four Things You Should Know about How the New Tax Reform Affects Charitable Giving

Like in years past, you must take the itemized deduction to receive any credit for donations of cash or goods to your favorite charities. Eligible donations that are deductible, include money and gifts given to: churches or religious organizations; f… Read More
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Toy House on Tax Return - Mortgage is Deductible

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
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Pencil Erasing

​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
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File Folders of State and Local Taxes

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
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Man with Fingers Crossed Worried About 2017 Taxes

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
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