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Did you have a college student in your family last year? Were you a student yourself? If so, you may be eligible for some valuable tax breaks on

Investment interest — interest on debt used to buy assets held for investment, such as margin debt used to buy securities — is generally deductible for both regular

Bonus depreciation allows businesses to recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets. The PATH Act, signed into law a

The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little

Many businesses receive payment in advance for goods and services. Examples include magazine subscriptions, long-term supply contracts, organization memberships, computer software licenses, and gift cards. Generally, advance payments

If you’re like many Americans, you might not start thinking about filing your tax return until close to this year’s April 18 deadline. You might even want to

In December, Congress passed the 21st Century Cures Act. This long and complex bill covers a broad range of health care topics. Of particular interest to some businesses

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. Keep in mind that this list isn’t all-inclusive, so

Come tax time, owner-employees face a variety of tax planning challenges, depending on whether their business is structured as a partnership, limited liability company (LLC) or corporation. When

Retirement plan contribution limits are indexed for inflation, but with inflation remaining low most of the limits remain unchanged for 2017. The only limit that has increased from

There are many ways to save for your child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December

If your business involves the production, purchase or sale of merchandise, your inventory accounting method can have a significant impact on your tax liability. In some cases, using