Individual Tax | Cg Tax, Audit & Advisory

16 Apr

CARES ACT Changes Retirement Plan and Charitable Contribution Rules

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April 16, 2020

As we all try to keep ourselves, our loved ones, and our communities safe from the Coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of...

12 Mar

Individual Tax, Tax

The 2019 Gift Tax Return Deadline is Coming Up

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March 10, 2020

If you made large gifts to your children, grandchildren or other heirs last year, it’s important to determine whether you’re required to file a 2019 gift tax return. And in some cases, even if...

05 Mar

Individual Tax, Tax

Home is Where the Tax Breaks Might Be

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March 4, 2020

If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage loans and home equity...

27 Feb

Individual Tax, Tax

Tax Credits May Help With the High Cost of Raising Children

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February 25, 2020

If you’re a parent, or if you’re planning on having children, you know that it’s expensive to pay for their food, clothes, activities and education. Fortunately, there’s a tax credit available for taxpayers with...

20 Feb

Individual Tax, Tax

Reasons Why Married Couples Might Want to File Separate Tax Returns

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February 18, 2020

Married couples often wonder whether they should file joint or separate tax returns. The answer depends on your individual tax situation. It generally depends on which filing status results in the lowest tax. But...

13 Feb

Individual Tax, Tax

Do You Have a Side Gig? Make Sure You Understand Your Tax Obligations

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February 12, 2020

The number of people engaged in the “gig” or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people who perform these jobs,...

06 Feb

Individual Tax, Tax

There Still Might Be Time to Cut Your Tax Bill With IRAs

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February 6, 2020

If you’re getting ready to file your 2019 tax return, and your tax bill is higher than you’d like, there may still be an opportunity to lower it. If you qualify, you can make...

30 Jan

Individual Tax, Tax

Answers to Your Questions About 2020 Individual Tax Limits

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January 29, 2020

Right now, you may be more concerned about your 2019 tax bill than you are about your 2020 tax situation. That’s understandable because your 2019 individual tax return is due to be filed in...

23 Jan

Individual Tax, Tax

Can You Deduct Charitable Gifts on Your Tax Return?

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January 22, 2020

Many taxpayers make charitable gifts — because they’re generous and they want to save money on their federal tax bills. But with the tax law changes that went into effect a couple years ago...

16 Jan

Individual Tax, Tax

Your Home Office Expenses May Be Tax Deductible

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January 16, 2020

Technology has made it easier to work from home so lots of people now commute each morning to an office down the hall. However, just because you have a home office space doesn’t mean...

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