Uncovering Overlooked Tax Breaks for Retirees and Individuals Over 65 A TYS Accounting Guide Welcome to retirement—a time for you to reap the rewards of a lifetime of hard work. At TYS, we understand that transitioning to a fixed income requires careful financial planning, and a significant, yet often underestimated, part of that plan is strategic tax management. Many retirees … Read More
Navigating New Terrain: IRS Ruling 2023-2 and Your Estate Plan
New York to California – For years, families have turned to irrevocable trusts as a cornerstone of their estate planning, aiming to protect assets and ensure a smooth transfer to beneficiaries. A key concern in this process has always been the tax implications, particularly regarding capital gains. Historically, the “step-up in basis” has been a valuable benefit, potentially eliminating capital … Read More
Clarifying the changes to the 2018 child tax credit – accountant near me
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 taxes child tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 tax deduction for child
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 tax credit for child
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More