The introduction of the Tax Cuts and Jobs Act in December of 2017 brought major changes to the tax code, the impact of which will first be felt on 2018 tax returns. Our New York City tax and accounting firm is dedicated to helping taxpayers in NYC and beyond understand the true implications of the Tax Cuts and Jobs Act, otherwise known as tax reform. These new tax laws will have an impact on all taxpayers, especially self-employed business owners and freelance workers. Please review the articles below and use the information to help you navigate the new tax laws. We have also included some articles on updates that will impact your taxes in 2019. If you need assistance, please contact our NYC CPAs and NYC tax preparers for assistance.
Tax Reform Guide for Self-employed Business Owners
- Tax Reform FAQs
- Highlights of the Tax Cuts & Jobs Act for Businesses
- Tax Reform Change to Employee Expense Deductions May Impact Your 2018 Taxes
- New Net Operating Loss Rules Under Tax Reform
- Tax Reform Business Asset Depreciation
- Pass-Through Business Tax Deduction Rules
- Tax Reform Update on Meal Deductions
- Tax Reform Ushers in Expanded Expense Deductions for Businesses
- Do You Rely On Rental Income? Get to Know the New Rules Under Tax Reform
- New York CPA Tips to Maximize the 20% Pass-Through Tax Deduction
Tax Reform Guide for Individuals
- Highlights of the Tax Cuts & Jobs Act for Individuals
- How Tax Reform Affects Healthcare Costs
- Tax Reform “Back Door” Roth IRA Update
- Childcare and Dependent Tax Credit Under Tax Reform
- Changes to Kiddie Tax with Tax Reform
- New IRS 2019 Retirement Saving Rules
- Changes to Mortgage and Home Loan Deductions
- Tax Reform Brings Changes to Deductions for Alimony and Lawsuit Recovery Payments
- NYC CPA Summary of Exemptions, Deductions and Credits Under Tax Reform