Despite a smaller refund, you may be a winner of the new tax law
Did your refund go down this year? If yes, you may think that you are paying more in taxes, but your refund is not the right measure to use to see if you are a winner or loser in the new tax law. First, a bit of background about how refunds work. In general, a refund is […]
Changes coming in 2018 to your taxes
The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more important elements of the new law that have an impact on individuals. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025. Tax rates. The new law imposes a […]