22 tax deductions, no itemizing required, on Schedule 1

Even before the Tax Cuts and Jobs Act (TCJA) greatly increased the standard deduction amounts, most people opted to...

New for 2019 taxes: revised 1040 & only 3 schedules

Tax season is about to start in a less than two weeks. Jan. 27, in case you forgot. Many...

10 reasons to file a tax return even if you don’t have to

You just read my post on tax filing requirements (thanks!) and discovered you don't have to file a Form 1040...

Final annual estimated tax payment due Jan. 15

The year's first obvious and, for some, painful acknowledgement of taxes is next week. Jan. 15 is the...

Take Advantage of the Gift Tax Exclusion Rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to...

Adopting a Child? Bring Home Tax Savings with Your Bundle of Joy

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available...