Some of your medical expenses may be tax deductible, but only if you itemize deductions and have enough expenses to exceed the applicable floor for deductibility. With proper planning, you may be able to time controllable medical expenses to your tax advantage. The Tax Cuts and Jobs Act (TCJA) could
We are now half way through 2018 - as such, this is a good time to readdress the tax reform changes under the new Tax Cuts and Jobs Act (TCJA), which became law in December 2017. Most (if not all) of the changes in the TCJA did not affect your
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income or sales taxes, as well as property taxes — had been on the tax reform chopping block, but it
