Today, the IRS announced that Tesla, Inc. has sold more than 200,000 vehicles eligible for the plug-in electric drive motor vehicle credit during the third quarter of 2018. This triggers a phase out of the […]
Tax Credit for Plug-In Electric Vehicle Credit Begins Phase Down Read More »
WASHINGTON — The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1,
IRS issues standard mileage rates for 2019 Read More »
The following is a summary of important tax developments that have occurred in July, August, and September that may affect you, your family, your investments, and your livelihood. Please call Launch Consulting Inc at 512-666-0729
Recent Developments That May Affect Your Tax Situation Read More »
Tax-free fringe benefits help small businesses and their employees.
In today’s tightening job market, to attract and retain the best employees, small businesses need to offer not only competitive pay, but also appealing fringe benefits. Benefits that are tax-free are especially attractive to employees. Let’s take a quick look at some popular options.
Tax-free fringe benefits help small businesses and their employees Read More »
Two income families and those who work multiple jobs typically end up under-withheld. We recommend using the IRS Withholding Calculator to help navigate the complexities of multiple employer tax situations and to determine if the correct amount
Two-income Families Should Check Withholding Amount Read More »
Changes to the deduction for move-related vehicle expenses The passing of the Tax Cuts and Jobs Act (“TCJA”) suspended the deduction for moving expenses for tax years beginning after Dec. 31, 2017, through Jan. 1,
Law Change Affects Moving, Mileage and Travel Expenses Read More »
With the pass of the Tax Cuts and Jobs Act (TCJA), a new limit has been placed on the deduction for SALT, State And Local Taxes. These limits severely impact residents of states that derive
Be Weary of State SALT Deduction Workarounds Read More »
As many of you are aware by now, the Tax Cuts and Jobs Act (TCJA) almost doubled the standard deduction for many taxpayers, raising the limits to $12,000 for single filers and $24,000 for married
Three Ways to Maximize Charitable Giving Under the New Tax Code Read More »
Below is a brief summary of the current differences between the House & Senate Tax Bills. Source: Thomson Reuters 2017 Tax Reform: Key differences between the Senate and House tax bills The Senate and the
2017 Tax Reform Update Read More »
Over the weekend I had a friend call for some tax advice – he was planning to purchase a duplex to occupy and rent and was considering taking a distribution from his IRA (ROTH &
Why You Should Consider Moving your Traditional IRA Into Your Current Employer’s 401(k) Read More »
*Updated 12/28/17 With major tax reform looming, we compiled a list of year-end planning moves that can help you take advantage of the tax breaks that may be heading your way. While congress appears poised
Ten Year-End Tax Moves To Minimize Your Tax Exposure Read More »
