While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when you file your 2018 income tax return: State and local tax[…]
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The Arizona Court of Appeals said GOP lawmakers cannot stop local governments from requiring private employers give their workers more benefits than state law mandates. The case deals with a law passed in the wake of voters approving a higher state minimum wage, which also requires paid personal leave for employees.
When you file your 2018 income tax return, you’ll likely find that some big tax law changes affect you — besides the much-discussed tax rate cuts and reduced itemized deductions. For 2018 through 2025, the Tax Cuts and Jobs Act (TCJA) makes significant changes to personal exemptions, standard deductions and the child credit. The degree[…]
Lauren Gilger – KJZZ
What is Arizona food? Is it a chimichanga? Or a Sonoran hot dog? Is it the classic Native American dish of squash, beans and corn — the three sisters? The elusive answer to that question is what Chris Malloy is attempting to nail down in his new column for the Phoenix New Times called “Sonoran[…]
The IRS opened the 2018 income tax return filing season on January 28. Even if you typically don’t file until much closer to the April 15 deadline, this year consider filing as soon as you can. Why? You can potentially protect yourself from tax identity theft — and reap other benefits, too. What is tax[…]
Tax filing season begins on Monday, just days after the 35-day partial government shutdown came to a close. It’s expected that the IRS is backlogged after the shutdown, and that tax returns may be delayed. But another shutdown is looming, as the stopgap spending bill is only lasts until Feb. 15. Another shutdown could further[…]