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Tax Credits For Higher Education

  • September 18th, 2019

2019 – 09/12 School’s back in session. For many parents and students in higher education, that means school bills are also back. To help offset those costs, eligible taxpayers who are footing the bills may be able to reduce the tax owed on next year’s tax returns by taking advantage of one of two available…

Do You Have Tax Questions?

  • September 18th, 2019

2019 – 09/12 Do you have tax questions? You may be wondering about the options for paying your bill, as well as possible penalties. Or perhaps you’re wondering if you have an outstanding balance with the IRS. Taxpayer questions never end. You can find answers by visiting an IRS Web page called “Let Us Help…

First-Year Depreciation Deduction

  • September 18th, 2019

2019 – 09/16 The IRS has issued final regs on the 100% additional first-year depreciation deduction. It allows businesses to write off most depreciable business assets in the year they’re placed in service. Changes from the regs proposed in August include qualified improvement property, leasehold improvement property, restaurant property, and retail improvement property. A taxpayer…

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