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The SALT Limitation Loophole Comes to an End

Posted By: Tax Department , July 2, 2019

The IRS has issued final regulations requiring taxpayers to reduce their charitable contribution deductions by the amount of any state or local tax credits they receive or expect to receive in return for the contribution. In Notice 2019-12, the IRS provides a safe harbor permitting taxpayers who claim itemized deductions and have less than $10,000…

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BEWARE: Mystery shopper scam commits check and mail fraud.

Posted By Hertzbach , June 19, 2019

It seems that we must walk around in a constant state of paranoia in order to evade the predatory actions of scammers.  With the advancement of technology, we are now carrying those...

Maryland Expands Child and Dependent Care Tax Credit

Posted By Tax Department , May 23, 2019

On May 13, 2019, Governor Hogan signed a bill to expand Maryland’s Child and Dependent Care Tax Credit. Taxpayers who have expenses for child and dependent care to allow them to work...

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