February 20, 2020

What Newsom didn’t mention: To really address homelessness in California, a tax hike is inevitable

SACRAMENTO —   OK, I’m waiting to hear about the tax increase that will be needed to pay for Gov. Gavin Newsom’s ambitious plan to solve homelessness. A tax hike is inevitable, but the T-word was conspicuously missing from Newsom’s frequently applauded State of the State address on Wednesday to a joint session of the California Legislature, […]

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TurboTax Is Still Tricking Customers With Tax Prep Ads That Misuse the Word “Free”

This story was originally published by ProPublica, a nonprofit newsroom that investigates abuses of power. Sign up for ProPublica’s Big Story newsletter to receive stories like this one in your inbox as soon as they are published. On Dec. 30, the IRS announced it was revamping a long-standing agreement with the online tax preparation industry in which companies offer free filing

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These Are 5 Tax Deductions You Can Still Claim in 2020

The 2017 Tax Cuts and Jobs Act eliminated a number of key tax deductions that once helped Americans save thousands. But thankfully, there are plenty of deductions still in play, and if you’re currently in the process of putting together your 2019 return, here are a few expenses you can still write off. 1. Mortgage interest The

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Tax-planning opportunities for 2020 lead to potential tax savings (See Details)

The time is now for both public and private companies to take advantage of the opportunities provided by the extensive tax reform in 2017 from the Tax Cuts and Jobs Act (TCJA), according to Grant Thornton. The Act revolutionized tax planning for public businesses, and the provisions for private businesses required significant subsequent interpretations from

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