The Newsroom
Financial and Accounting Updates and Information from Maggart
Scroll down or quick jump:
From the Monthly Newsletter...
Understanding the Tax Nuances of Vacation Homes
Owning a vacation home can offer tax breaks, but they may differ from those associated with a primary residence. The key is whether a vacation home is used solely for personal enjoyment or is also rented out to tenants. Sorting Out Your Vacation Home Taxes If your vacation home is not rented out, or if …
Consider the Tax Advantages of Qualified Small Business Stock
While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The capital gains rates now have their own statutory bracket amounts, but the 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets …
Consider the Tax Advantages of Qualified Small Business Stock Read More »
Send Your Kids to Day Camp & You May Get a Tax Break
Among the many great challenges of parenthood is what to do with your kids when school lets out. Do you keep them at home and try to captivate their attention yourself or with the help of sitters? Or do you send them off to the wide variety of day camps now in operation? There’s no …
Send Your Kids to Day Camp & You May Get a Tax Break Read More »