With the new standard deduction amounts being introduced in 2018, it might not be reasonable for taxpayers to itemize their deductions moving forward. However, if you still plan to itemize, here are some notable changes that you should take into account for 2018. Capping of the State and Local Taxes Deductions (SALT) The number to [...]
I’ve always wanted to climb Mt Whitney and to backpack the John Muir Trail. So, I took a few weeks off just recently to regroup mentally and physically, and did both. The JMT is 220 miles of arguably the prettiest scenery in the United States, with high mountain lakes and pristine meadows amid towering [...]
Do you have a child with behavioral issues? Did you know that expenses for the treatment as well as tuition for boarding schools may qualify as a medical expense? According to IRC Section 213, expenses paid for medical care of the taxpayer, spouse or a dependent may be allowed as a deduction. The Code gives [...]
