Overall Limitations on Itemized Deductions - Repealed Through 2017 the total amount of most otherwise allowable itemized deductions (other than the deduction for medical expenses, investment interest, and casualty, theft…
Present Law Individuals may claim itemized deductions for certain miscellaneous expenses. Certain of these expenses are not deductible unless, in aggregate, they exceed two percent of the taxpayer’s adjusted gross…
Caution: This explanation is general in nature and should not be used for specific planning. Contact a tax professional for your specific planning needs. The new tax act (Tax Cuts…
We are beginning the New Year with a new tax law. This page will detail many of the changes that are important. Let's start with individual tax rates. In order…
