deduction Archives - Wealth Builders CPA's

Tax Lingo Defined

If you’ve been following our blog for any length of time, you’ve heard lots of talk about tax credits and deductions. What’s the difference? Is one really better than the […]

Tax Reform Explained – Personal Casualty and Theft Deduction

Weekly Tax Tips

Happy Thursday and happy spring! For those of you that live in Maryland, Tuesday and Wednesday certainly didn’t feel like the first two days of spring! We had more snow […]

Tax Reform Explained – SALT Deduction

Weekly Tax Tips

Here we are – another week closer to “Tax Day”! If you’re counting, there are 55 days remaining to file your taxes by the Tuesday, April 17 deadline. As promised, […]

Tax Reform Explained – Mortgage Interest Deduction

Weekly Tax Tips

Happy Wednesday, everyone! It’s unreal to believe that we are already in the middle of February. “Tax Day” will be here in just 2 short months. I know we have […]

Need That One Last Deduction?

Weekly Tax Tips

For the most part, any deductions you planned to use towards your 2017 taxes needed to be made by December 31 of last year. That time has passed and 2018 […]

Standard or Itemized….Which is Better?

Uncategorized, Weekly Tax Tips

Ah, the end of the year. Everyone feels all warm and fuzzy from giving generously over the holiday season. Now comes the time of year when the IRS wants to […]

It Pays to Be Generous!

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It can actually pay to be generous. Most people are aware that monetary donations can be itemized as a deduction for income tax purposes. However, some people forget that you […]

Aftermath of the Storms

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In light of Hurricanes Harvey and Irma and their paths of destruction, many Americans have flooding and damage in the forefront of their minds. Here in Maryland, we only watched […]