» Tax Deductions & Credits
Is Mortgage Interest Still Deductible on Your Tax Return?
May 17th, 2018
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…
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How Do I Qualify for the New Business Income Deduction?
April 27th, 2018
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…
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Will You Be Able to Continue to Deduct Ohio Income Taxes from Your Federal Taxes?
March 5th, 2018
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 tak…
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How Will the New Tax Law Affect Your 2017 Taxes?
February 14th, 2018
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…
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Should I Itemize or Take the Standard Deduction?
February 5th, 2018
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…
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