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December 19, 2017

Current tax regulations allow individuals to deduct their state and local income taxes and property taxes (homeowners) if they can itemize their deductions.  The new tax legislation, expected to pass this week, would cap the state & local income tax (referred to as SAL...

December 17, 2017

The GOP tax reform bill is expected to be signed into law by the end of this week, Dec. 22nd.  The Qualified Business Income Deduction (QBID), part of this legislation effective for the 2018 tax year, allows qualifying pass-through entities to reduce their business inc...

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