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Families with College Students May Save Tax on Their 2017 Returns with one of These Breaks

February 14, 2018 Blog

Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently passed Bipartisan Budget Act of 2018: the tuition and fees deduction. Read More

TCJA Temporarily Lowers Medical Expense Deduction Threshold

February 6, 2018 Blog

With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Read More

New Jersey Telemedicine Providers: Do You Know the “Ins and Outs” of the New Law?

January 30, 2018 Blog

Written by Deirdre Hartmann, CPA, Partner Telemedicine history was made on July 21, 2017, as Governor Chris Christie signed off on the law allowing healthcare providers to see patients virtually using modern electronic methods that don’t require patients to physically come into the doctor’s office in New Jersey. No in-person initial appointments required. Read More

State and Local Sales Tax Deduction Remains, but Subject to a New Limit

January 30, 2018 Blog

Individual taxpayers who itemize their deductions can deduct either state and local income taxes or state and local sales taxes. The ability to deduct state and local taxes — including income or sales taxes, as well as property taxes — had been on the tax reform chopping block, but it ultimately survived. Read More

Can You Deduct Home Office Expenses?

January 23, 2018 Blog

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it. Read More