Tag: 2018 tax bill

Should I Itemize or Take the Standard Deduction on my 2018 Tax Return?

March 6, 2019
Tom Taylor, CPA/PFS

If you live in the State of Maryland and several other high income tax states you may have a higher tax liability by taking the higher standard deduction under the new 2018 tax law (Tax Cuts and Jobs Act -…

December 23, 2017
Tom Taylor, CPA/PFS

URGENT call to action by 12/31 – new tax bill expands 529s As you may know, the U.S. Congress passed a tax reform bill that was signed into law by the President yesterday. Included in the law is a provision…