Browsing Category Taxes

How To Estimate Your Taxes Under The New Tax Bill

How To Estimate Your Taxes Under The New Tax Bill

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The most commonly asked question regarding the new tax reform bill that went into effect at the beginning of the year is, “How will it affect me?” Since everyone’s situation is different, no amount of searching on Google is going to give you the right answer.   The most accurate answer you can find will come from doing calculations based on your 2017 tax return. If you anticipate being in the same, or a similar, financial situation for 2018 as you ...

Your Tax Reform Questions Answered

Your Tax Reform Questions Answered

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I’ve been getting a number of questions regarding the tax reform bill that went into effect on January 1, 2018. Here they are with some answers: View post

How The Final Tax Bill Affects Pastors

How The Final Tax Bill Affects Pastors

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Now that the GOP tax reform bill is finalized, how does it affect pastors? Let’s take a look at the changes being enacted into law and how they might affect you. View post

How The Tax Reform Bill (Tax Cuts And Jobs Act) Affects Pastors

How The Tax Reform Bill (Tax Cuts And Jobs Act) Affects Pastors

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December 20, 2017 Update: A final version of the tax reform bill has been passed by Congress. Find out how it will affect you here. View post

How Does Trump’s Proposed Tax Reform Affect The Clergy Housing Allowance And 4361 Exemption?

How Does Trump’s Proposed Tax Reform Affect The Clergy Housing Allowance And 4361 Exemption?

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  December 20, 2017 Update: A final version of the tax reform bill has been passed by Congress. Find out how it will affect you here. View post

What Every Taxpayer Needs To Understand Now

What Every Taxpayer Needs To Understand Now

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Federal tax laws are so complicated that most people outsource tax preparation and have little understanding of how it all works. Do you know how your taxes are calculated? Or the difference between a credit and a deduction? It's your hard-earned money and your government, so you really should. View post

Big Refund? Awesome! Or Is It? The Truth About 10 Common Tax Beliefs

Big Refund? Awesome! Or Is It? The Truth About 10 Common Tax Beliefs

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Taxes are a huge part of our lives as American citizens. However, there’s a lot of confusion when it comes to taxes. After all, the Federal Tax Code has about 3 million more words than the Bible. There are a lot of myths floating around regarding taxes, and it can be hard to separate fact from fiction. Here are some common beliefs regarding taxes and the truth behind them: View post

Will You Pay More Taxes Under President Trump?

Will You Pay More Taxes Under President Trump?

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Both President-Elect Donald Trump and Republicans from the House of Representatives have drafted tax reform proposals. What are the chances of tax reform passing in 2017 and how would it affect you?   View post