Tag: tax prep wake county

STANDARD OR ITEMIZED DEDUCTIONS?

Will you take standard or itemized deductions for the 2018 tax year? You can also deduct the interest you pay on mortgage loan from your taxes but the limits have changed. For couples filing jointly you can deduct interest up to $750,000 instead of the allowable $1 million in 2017. If you are married taxpayers […]

TIME FLIES GET READY NOW

Looking at the calendar, it is now fourth quarter. Time flies, and taxes will be due as we move toward the new year. It’s not too early to begin your preparation. Will you have changes to your tax status for 2018? How will the new regulations effect you? There are many changes in tax law […]

SURVIVED THE IDES OF MARCH

Unlike Julius Caesar, you survived the Ides of March yesterday. In Shakespeare’s play Julius Caesar was warned, “Beware the Ides of March,” but ignored the caution and was stabbed 23 times by a mob in the Roman senate. Don’t ignore that we are halfway through March already. Tax Day for 2018, usually falling on April […]

COUNTDOWN TO TAX DAY

This is your reminder countdown to tax day!  Your personal tax return is due in less than six weeks. Your company return, depending on what type of company may be due next week. It may not be too late to have a CPA file your personal taxes. In cases where one or both can’t be […]

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