Accounting Services

IRS promotes disaster readiness and Hurricane Preparedness

IRS promotes disaster readiness and Hurricane Preparedness

The 2019 hurricane season begins in June and the IRS joins the National Weather Service during Hurricane Preparedness Week, May 5-11, by encouraging everyone to update or make an emergency plan.

The TCJA Shifted The Benefits Of Itemized Deductions To Higher-Income Households

The TCJA Shifted The Benefits Of Itemized Deductions To Higher-Income Households

The change was largely driven by two elements of the TCJA: Its increase in the standard deduction and its $10,000 cap on the state and local tax deduction. Combined with other changes, they resulted in a big decline in the number of people itemizing deductions.