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You may have to pay tax on Social Security benefits

During your working days, you pay Social Security tax in the form of withholding from your salary or ...
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If your kids are off to day camp, you may be eligible for a tax break

Now that most schools are out for the summer, you might be sending your children to day camp. ...
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Congress Acts to Reform the IRS, Enhance Taxpayer Protections

The U.S. Senate has passed, and President Trump is expected to sign into law, a broad package of ...
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Is an HSA right for you?

To help defray health care costs, many people now contribute to, or are thinking about setting up, Health ...
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Donating your vehicle to charity may not be a taxwise decision

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and ...
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Thinking about moving to another state in retirement? Don’t forget about taxes

When you retire, you may consider moving to another state — say, for the weather or to be ...
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IRS guidance on company cars

IRS wheels out additional guidance on company cars

The IRS has updated the inflation-adjusted "luxury automobile" limits on certain deductions taxpayers can take for passenger automobiles ...
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Mauldin & Jenkins

IRS updates rules for personal use of employer-provided vehicles

The IRS recently announced the inflation-adjusted maximum value of an employer-provided vehicle under the vehicle cents-per-mile rule and ...
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The chances of IRS audit are down but you should still be prepared

The IRS just released its audit statistics for the 2018 fiscal year, and fewer taxpayers had their returns ...
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Mauldin & Jenkins

STAYING AHEAD OF THE GAME: Review your real estate valuation program

The value of real estate collateral is likely fundamental to the value of your loan portfolios. So it’s ...
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It’s a good time to check your withholding and make changes, if necessary

Due to the massive changes in the Tax Cuts and Jobs Act (TCJA), the 2019 filing season resulted ...
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Selling your home? Consider these tax implications

Spring and summer are the optimum seasons for selling a home. And interest rates are currently attractive, so ...
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