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Treasury blocks SALT deduction cap workaround

  • June 12, 2019

The Treasury Department and the Internal Revenue Service have published final rules limiting the ability of residents of states with higher tax rates to use charitable contributions to offset caps on tax deductions for state and local taxes. The regulations restrict use of donation and tax-credit programs, including those created before Congress passed caps on state and local tax deductions. Continue Reading

The marriage tax penalty post-TCJA

  • June 7, 2019

Married taxpayers often are subject to a "marriage tax penalty," paying more in federal income tax than they would if they were unmarried. Find out the state of the marriage tax penalty after changes made by the law known as the Tax Cuts and Jobs Act. Continue Reading

Busy season roundup — The results are in

  • April 30, 2019

If you're still licking your battle wounds from this year's tax season, know that you aren't alone. In the AICPA Tax Section's annual post-tax season survey, 90% of respondents indicated this filing season was more challenging than previous years. Continue Reading