Recent tax return data from the IRS indicates changes to charitable giving deductions. The data on individual 2018 federal tax returns through July showed nearly 22 million fewer returns took ...
Year-end planning can significantly boost the benefits of new tax changes, helping taxpayers reduce liabilities and maximize deductions.
Every year, countless taxpayers leave money on the table during tax season simply because they aren't aware of all the deductions they qualify for. While many people know about the standard deductions ...
The Eleventh Circuit held that a taxpayer could deduct the reimbursement to her ex-spouse for her share of his repayment of an amount previously included as income on their joint tax return during ...