Tax | Cg Tax, Audit & Advisory

06 Feb

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...

04 Feb

Federal Tax, Tax

Next Decade U.S. Economic Outlook

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January 31, 2020

What’s the U.S. economic outlook for the next decade? The Congressional Budget Office (CBO) just released a report that projects the federal deficit in 2020 will be 4.6% of gross domestic product (GDP) and...

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...

28 Jan

Federal Tax, Tax

Update on Forms W-4

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January 27, 2020

The IRS is informing employees that they can use Forms W-4 printed before Dec. 31, 2019, even though those forms list the now out-of-date 10%-of-AGI medical expense deduction. The Taxpayer Certainty and Disaster Tax...

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...

21 Jan

Federal Tax, Tax

To File or Not To File…

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January 20, 2020

Are you required to file a 2019 tax return? Not everyone is. But even if you’re not required to file, it can be a good idea to do so anyway. For example, some people...

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...

14 Jan

Federal Tax, Tax

Help Defray Employee Commuting Costs

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January 13, 2020

A valuable employee benefit got a little better for 2020. One category of benefits is for transportation in a commuter highway vehicle and any transit pass, now worth up to $270 per month....

09 Jan

State & Local Tax, Tax

NJ Partnership Filing Requirements

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January 9, 2020

Attention, partners: The New Jersey Division of Taxation has updated its summary of partnership filing requirements. It includes explanations of 1) partnership registration, 2) the partnership filing fee that applies when a partnership has...

07 Jan

Federal Tax, Tax

Life Changes & Your Tax Refund

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January 6, 2020

Have you had a recent life change, such as a marriage, divorce, financial gain or financial loss? You can contact the Cg Team with any questions about changes in your financial situation. In addition,...

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