by GPwebsiteV3! | Jul 10, 2020 | GP Articles, Tax, Tax Reform
Later this year, the US Supreme Court will deliberate on a case that could potentially lead to the Affordable Care Act (ACA) and its associated taxes being found retroactively unconstitutional. If the Court does find the ACA unconstitutional, taxpayers may be entitled...
by GPwebsiteV3! | Jun 18, 2020 | Covid-19, GP Articles, Tax Reform
The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the U.S. Tax Code passed in 2017. Of course, 2017 seems like decades ago considering all that has transpired since then, most notably the coronavirus pandemic. Unfortunately, it took a worldwide catastrophic...
by GPwebsiteV3! | Aug 19, 2019 | GP Articles, Tax Reform
Charitable giving is one of the most popular tax deductions for people who itemize their deductions. Not only are you helping the charitable organization of your choice, but you also get a tax break! The easiest form of charitable giving is, of course, cash...
by GPwebsiteV3! | Aug 2, 2019 | GP Articles, Tax Reform
The 2018 tax season saw major changes for most taxpayers due to the Tax Cuts and Jobs Act’s (TCJA) inaugural year. Many taxpayers found that they were no longer able to itemize deductions as they had been in years past. While there is little you can do to change your...
by GPwebsiteV3! | Jul 26, 2019 | GP Articles, Tax Reform
One of the many changes in the new tax law that may impact you is the mortgage interest deduction. This is still a favorite deduction despite the significant increase in the standard deduction. It is important to first understand how the IRS defines “qualified...
by GPwebsiteV3! | Jul 15, 2019 | GP Articles, Tax Reform
It’s no secret that the Tax Cuts and Jobs Act (TCJA) ushered in sweeping changes to tax law that affected all of us. Today we’ll be talking about one such effect on owners of real estate: the 1031 exchange. Also known as like-kind exchanges, 1031 exchanges have been...
