401(k) retirement plan contribution limit increases for 2018; most other limits are stagnant
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
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Meals, entertainment and transportation may cost businesses more under the TCJA
Along with tax rate reductions and a new deduction for pass-through qualified business income, the new tax law brings the…
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State and local sales tax deduction remains, but subject to a new limit
Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes.…
Read More Is Home Mortgage and Home Equity Loan Interest Still Deductible Under the New Law?
There have been changes in the rules for deducting qualified residential interest, i.e., interest on your home mortgage, under the…
Read More What’s New for 2018: Game-Changing Tax Overhaul in Place for Individuals – Part II
The new tax year is a true game-changer for taxpayers and their advisers, as many fundamental, decades-old tax rules have…
Read More What’s New for 2018: Game-Changing Tax Overhaul in Place for Individuals – Part I
The new tax year is a true game-changer for taxpayers and their advisers, as many fundamental, decades-old tax rules have…
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