State and local taxes (SALT) have long been a valuable tool for taxpayers seeking to lower their federal tax burden. Prior to 2018, taxpayers could […]
Tax reform
Understanding Chained CPI: What Tax Reform Changed About Inflation
Tax reform typically brings to mind sweeping changes in tax brackets, deduction limits, and standard deductions. However, one of the least discussed components of recent […]
Medical Expense Deductions: What’s Different After Tax Reform
The medical expense deduction has long been a valuable tax benefit for individuals who incur high out-of-pocket healthcare costs. However, the landscape for this deduction […]
Unreimbursed Job Expenses and the Tax Reform: What Employees Need to Know
Before major changes were introduced through tax reform, traditional employees could claim certain unreimbursed job expenses as deductions on their federal income tax return. These […]