1040-SR Tax Form Helps Seniors 65-Plus

1040-SR Tax Form Helps Seniors 65-Plus

Taxpayers turning 65 years of age in 2019 will have the option to use the new 1040-SR tax form when filing their 2019 taxes in 2020. The new form is provided for in section 41106 of the Bipartisan Budget Act of 2018 (BBA), a two-year budget agreement passed by...
Section 179 Tax Deduction is a Business Goldstrike

Section 179 Tax Deduction is a Business Goldstrike

The Section 179 Tax Deduction benefits were raised by the Tax Cuts and Jobs Act of 2017 effective tax years beginning January 1, 2018. Section 179 tax benefits can change or be discontinued at any time, without notice, and should be considered a catch-it-now...