At Glass Jacobson, our tax preparation team is always looking for ways to save our clients money. If you live in Maryland, you may not …
Investing in Qualified Opportunity Zones (QOZ) Can Reduce Capital Gains Taxes
In 2017, Congress established the Qualified Opportunity Zone (QOZ) program as part of the Tax Cuts and Jobs Act. The purpose of the new program …
New Tax Laws Are Impacting Homebuyers as They File Their Tax Returns
Are you a recent homebuyer preparing your 2018 taxes? You’ll definitely want to know about some important tax law changes that have come into effect …
Retirement Plans Have New Contribution Limits for 2019
The IRS has announced new contribution limits for retirement accounts, effective this year. Before you make any 2019 contributions to an IRA, 401(k), or another tax-advantaged …
New Bill Gives Virginia Taxpayers Significant Tax Breaks
Legal changes resulting from the Tax Cuts and Jobs Act of 2017 meant that Virginia taxpayers were expecting their tax liability to increase for 2018, …
How the New Tax Law Will Impact Your 2018 Taxes
As usual, the New Year starts with getting ready for tax season. This year there are drastic changes in the way federal income taxes are …
Employee vs. Independent Contractor: How to Know the Difference
If you own a business, identifying those doing work for you as employees vs. independent contractors is important to government compliance. Despite such an important …
Avoid An Underpayment Penalty: Don’t Be Blindsided by a Higher Tax Liability
The Tax Cuts and Jobs Act has lowered the amount of money that most Americans owe in taxes. Because of this, the IRS has changed …
If You Live Abroad You Still Have to File U.S. Taxes
If you’re a U.S. citizen living abroad, you may have assumed that you are not beholden to Uncle Sam and his taxes. Unfortunately, the United …
Charitable Giving Tips in Light of the New Tax Law
In this post we’ll discuss how to maximize your charitable giving deduction in view of the new tax law. The new tax law increases the …
