Posts Tagged ‘2018 tax bill’
Should I Itemize or Take the Standard Deduction on my 2018 Tax Return?
If you live in the State of Maryland and several other high income tax states you may have a higher tax liability by taking the higher standard deduction under the new 2018 tax law (Tax Cuts and Jobs Act – TCJA) instead of itemizing your deductions even if they are lower than the new standard…
Read MoreNew tax bill expands use of 529 Plans to private school tuition
URGENT call to action by 12/31 – new tax bill expands 529s As you may know, the U.S. Congress passed a tax reform bill that was signed into law by the President yesterday. Included in the law is a provision that expands the use of 529 accounts to pay for educational expenses like qualified elementary…
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