Whether you had a child in college (or graduate school) last year or were a student yourself, you may be eligible for some valuable tax breaks on your 2017 return. One such break that had expired December 31, 2016, was just extended under the recently passed Bipartisan Budget Act of 2018: the tuition and fees deduction. […]
With rising health care costs, claiming whatever tax breaks related to health care that you can is more important than ever. But there’s a threshold for deducting medical expenses that may be hard to meet. Fortunately, the Tax Cuts and Jobs Act (TCJA) has temporarily reduced the threshold. What expenses are eligible? Medical expenses may
TCJA Temporarily Lowers Medical Expense Deduction Threshold Read More »
In my opinion, when you mention the words quick and books together as in Quickbooks it doesn’t make sense. You see, when I go to complete my data entries it is never quick! That could be because receipts stay hidden in my purse for way too long! For those of you not familiar with Quickbooks, it is
Keyboard Shortcuts for Quickbooks Read More »
Guest blogger Jacob Davis ends his Life, Death, and Taxes series with thoughts on Investing in Real Estate. Please contact our office with tax questions related to real estate investing. Thank you, Jacob, for providing this series. This article is not about how to invest in real estate or the ways to go about it–it’s
Part 3 of Life, Death, and Taxes – Investing in Real Estate Read More »
In part one of my series about real estate and the impact it has on your taxes, we discussed buying your first home and what new deductions, taxes, and pros/cons there are for buying a home. In part 2 we will discuss the impact selling your home will have on your taxes. Click Here for
Part 2: Life, Death, and Taxes – Selling Your Home Read More »
As many of my readers know, my father is a CPA (Certified Public Accountant) who is the founder and owner of the Kelly T. Davis, CPA, PA firm in Overland Park, Kansas. He has 35+ years of dealing with people and their taxes and knows just about everything your little heart could ever desire about
Part 1: Life, Death, and Taxes — Welcome To Being An Adult, First Time Home Buyers Read More »
How Many Unrecognized Heroes do you Know? Too many times individuals are recognized at their eulogy for the wonderful things they have done for others and organizations. How much better would it be if we could look them in the eye and say thank you. Our firm, Kelly T. Davis, CPA, PA of Overland Park, Kansas,
2015 Humanitarian of the Year Award Read More »
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