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Congress and the U.S. Department of Labor are working on rules that would make it easier for small employers to join multiple employer plans (MEPs). These defined contribution plans are designed to help American workers save for retirement. MEPs are expected to lower administrative costs, but do they offer the simplicity that employers want? Here are some issues to consider.

The IRS recently clarified who's eligible for the new $500 tax credit for dependents who aren't qualifying children under age 17, as well as how much income those individuals can earn each year without negating the credit. The income test is also relevant if you're unmarried and want to use the beneficial head of household (HOH) filing status. Here are the details.

Are you feeling generous? The holiday season is a popular time to donate to charities. But many people are uncertain about whether they'll be allowed to deduct charitable contributions on their 2018 federal income tax return. This article reviews the provisions of the Tax Cuts and Jobs Act that may affect charitable giving and provides strategies to maximize the tax benefits.

Deferring income is a conventional tax planning strategy for businesses and individuals alike. It's especially effective when your tax bracket is expected to remain the same or decrease in future years. But under the Tax Cuts and Jobs Act, deferring too much income might be inadvisable. Here's why it's important to think twice before you defer income under today's tax law.

What can small business owners do before year end to lower their tax bills? That question is top of mind every autumn, but the answers may be less familiar (and possibly more complicated) under the Tax Cuts and Jobs Act. This article updates some tried-and-true tax strategies to account for the tax law changes that went into effect this year.

How is your vacation home classified for federal income tax purposes? Those that are classified as rental properties are subject to complicated tax rules. Here's an overview of the tax treatment for rental properties with minimal personal use under the Tax Cuts and Jobs Act.

Has a credit reporting agency ever charged you a fee to "freeze" your accounts after a security breach? It sounds like double jeopardy, right? Fortunately, a new law no longer allows this to happen. Here's how you can take advantage of the new consumer-protection rules that recently took effect under the Economic Growth, Regulatory Relief and Consumer Protection Act.

A cost segregation study can help substantially reduce your company's tax bill, if you purchased real estate to rent out or use in business. Thanks to the Tax Cuts and Jobs Act, more generous bonus depreciation and Section 179 deduction rules may allow significant first-year depreciation deductions for land improvements and contents of buildings. Here are the details.

Many people own vacation homes that they use for both personal and rental purposes. This article explains how to report income and expenses under the Tax Cuts and Jobs Act for properties that are rented out but also used a great deal of time by owners and their family and friends. Different rules apply to properties that are rented out with minimal personal use.

As a small business owner, can you deduct for federal income tax purposes the costs of taking a customer or business contact out to a baseball game and buying hot dogs and drinks? The IRS just issued guidance answering that question. This article explains how these types of entertainment and meal expenses have changed under the Tax Cuts and Jobs Act.

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