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There are six new schedules some taxpayers will file with the new Form 1040
While commonly used lines on the prior year form are still on the 2018 Form 1040, other lines are now Schedules 1 through 6 and organized by category. The six new numbered schedules are in addition to the existing schedules, such as Schedule A, Itemized Deductions, or Schedule C, Profit or Loss from Business. Schedule…
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If You Bought a New Home
Bring your closing papers at tax time.
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Now is the Best Time
File your taxes the last week of February or the first week of March. There are basically two groups of taxpayers; 1) those who want to file as soon as possible, and 2) those who want to put it off as long as possible. The result is, we experience a dip in activity at this…
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Ask us about the Adoption Tax Credit
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Telephone Traffic at the Office February 18th – 23rd, 2019
Have a question? CALL US NOW (256) 586-4111 BIRMINGHAMALABAMA (205) 322-7452 HUNTSVILLEALABAMA (256) 534-6922 NATIONWIDE 1-800-551-6253 OR 1-800-551-6254
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Planning a Vacation?
Come see us first.
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Happy Sunday!
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Kiss Me
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New dollar limit on total qualified residence loan balance
For anyone considering taking out a mortgage, the new law imposes a lower dollar limit on mortgages qualifying for the home mortgage interest deduction. Beginning in 2018, taxpayers may only deduct interest on $750,000 of qualified residence loans. The limit is $375,000 for a married taxpayer filing a separate return. These are down from the…
