If you’re renting out a property through Airbnb or a similar short-term rental platform, or plan to, you should know that local law requires you to collect tax on each …
Unclaimed Money in the Billions Awaits Rightful Owners
Did you know that billions of dollars are sitting unclaimed in accounts in the United States? The proper beneficiaries are not claiming their money – and many are not even …
Maryland Taxpayers May Qualify for Student Loan Debt Relief Tax Credit
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 be aware of the student …
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 is to improve the economies …
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 since the last time you …
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 account, be sure to go …