Welcome to our Tax Reform Resource Center.
We are keeping an ear to the ground so that when updates and regulations occur surrounding the Tax Cuts and Jobs Act, you will know first. Check back here and follow us on social media to receive breaking news as it occurs.
Have questions about how the legislation affects your personal and business tax planning for 2018? Contact your local Blue & Co. tax advisor.
This time of year, taxpayers with investments should be reviewing their portfolio to determine year-to-date gains and losses. If you are projecting large capital gains, it might be a good time to sell a failing investment to counter the gains. This is not only helpful with tax planning, but also with making sure you understand […]
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their qualifying employees paid family and medical leave in 2018 and 2019. The IRS now has released Notice 2018-71, which addresses several related issues, including eligibility, types of leave covered, and calculation of the credit amount. […]
Do you reimburse your employees for business travel expenses? If you don’t, you may want to consider implementing a reimbursement plan, because changes under the Tax Cuts and Jobs Act (TCJA) make these reimbursements even more attractive to employees. Many businesses who do reimburse for business travel expenses find that it helps attract and retain […]
Assuming you’re charitably inclined and you collect art, appreciated artwork can make one of the best charitable donations from a tax perspective. Donating appreciated property has two benefits, first, a valuable tax deduction and second, you can avoid the capital gains taxes you would owe if you sold the property. The second benefit is amplified […]
The Child Tax Credit was introduced in 1997 under the Taxpayer Relief Act. The credit has gone through many changes over the past 20 years, starting out as a $400 nonrefundable credit and increasing all the way up to $1,000 per qualifying child under the age of 17. Now the tax credit under the Tax […]
Tax Reform 2.0 is making its way through Congress. On September 13, the House Ways and Means Committee passed three separate bills that focus on making several provisions of the Tax Cuts and Jobs Act (TCJA) permanent. The provisions affect individuals, families, and small businesses. The bills also promote family and retirement savings and new […]