From September’s mid-month paycheck through December 31, 2020, military members with a monthly rate of basic pay less than $8,666.66 will see a temporary increase in their take-home pay due to a quirky mandatory Social Security payroll tax deferral scheme. The amounts deferred will be collected between January 1 and April 30, 2021 so, in...Read More
As you get ready for the upcoming tax season, take note of some tax deduction items that are making a comeback due to approved tax extenders that expired in 2017 or 2018. On December 20, 2019, President Trump signed into law the Further Consolidated Appropriations Act, 2020 (HR1865), which extended some of the tax provisions...Read More
The 2019 tax return season is upon us! Now is the perfect time to get a jump start on getting organized for preparing your tax returns. The most important items to focus on when compiling your 2019 tax documents are items that have changed this year compared to last year. Those new or changed items may...Read More
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