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    Search
    Denise Hue
    • Feb 28, 2020
    • 1 min

    2% Itemized Deductions Suspended (2019 Update)

    From 2018 through 2025, all miscellaneous itemized deductions that were subject to the 2% floor are now suspended. In addition, an...
    2 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    Casualty Loss - Itemized Deductions (2019 Update)

    Under the Tax Cuts and Jobs Act (TCJA), losses for individuals are now only deductible to the extent they are attributable to a federally...
    3 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    Charitable Contributions – Tips for Preserving Your Deduction

    Choosing the right organization is important. For your donation to be deductible, it must go to a nonprofit group that is approved by the...
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    Denise Hue
    • Feb 28, 2020
    • 2 min

    Interest Expense - Standard Deductions (2019 Update)

    Mortgage Interest You generally may deduct interest on home acquisition debt that is secured by a first or second home. This includes...
    0 views0 comments
    Denise Hue
    • Feb 28, 2020
    • 1 min

    State and Local Taxes - Itemized Deductions (2019 Update)

    Your deduction of state and local income, sales, and property taxes is limited to a combined total deduction of $10,000 ($5,000 if...
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    Denise Hue
    • Feb 28, 2020
    • 1 min

    Itemized Deductions - Medical Expenses (2019 Update)

    This is a tax break that can be hard to benefit from. Only medical expenses beyond 7.5% of your adjusted gross income (AGI) is deductible...
    1 view0 comments

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