Conventional wisdom holds that taking a home office deduction is an audit flag. The new tax law gives more people a reason to risk it.
Some travelers who’ve been burned on sharing economy websites no longer want to deal directly with homeowners. Instead they are using these platforms to find local property managers. The hope is that they will impose quality control.
The sharing economy has created a new breed of amateur hoteliers. And when the accommodations don’t measure up, that can wreck a vacation. These steps can help you take recourse.
Proposals to eliminate the “stretch IRA” escaped the recent tax overhaul. Here’s what you need to know to take full advantage of it.
Under the GOP tax overhaul, starting in 2018, you’ll have a lot less leeway using deductions to reduce the amount of income that’s subject to tax. Make the most of them by December 31.
You don’t need software or an online calculator to run the numbers. It’s easier to visualize how the law affects you by using your 2016 federal income tax return as a scratch pad.