Posted by Jordon N. Rosen, CPA, AEP In the aftermath of the Tax Cuts and Jobs Act (TCJA), many taxpayers who used to be able to itemize deductions prior to … Continued

Prior to 2018, taxpayers could take a deduction for personal casualty losses experienced during the tax year.

The marriage tax penalty or benefit occurs from a change in a couple’s tax liability as a result of marriage and subsequently filing jointly. The marriage tax penalty results when … Continued

Did you file a timely income tax return and then realize you missed something or made a mistake?

On May 23, 2019, the House passed a bipartisan bill by a vote of 417-3 to enhance the opportunities for individuals to save more for retirement. The bill is now … Continued

The Delaware Division of Revenue has issued an alert regarding a new taxpayer scam designed to trick taxpayers into thinking they have received official communication from the Division of Revenue.

With the basic exclusion amount at $11.18 million and growing, along with portability of a decedent’s unused exclusion, most individuals will not have a federal estate tax liability.

We are in the thick of the tax filing season and the call volume to the Internal Revenue Service (IRS) is high, so we would like to share some tips the IRS has communicated which will enable you to get a quick answer. 

With the new tax law in full effect, it’s a good idea to reexamine your federal tax withholding for this and future years.

The Tax Cuts and Jobs Act (the Act) made several changes to the rules regarding the deduction of business meals and entertainment.