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7 Ways The 2017 Tax Bill Affects Connecticut Taxpayers

Posted in Tax News on January 5, 2018

    1) Decrease in Income Tax Rates   The 2018 income tax rates are as follows: Single                                        Married Filing Joint…

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Fifty Shades of Tax Deductions

Posted in Tax News on October 22, 2012

No Fifty Shades of Grey here.  Here are Fifty Black and White Tax Deductions and Credits. 1) Standard Deduction – Taxpayers can take the higher of the Standard Deduction or their Itemized Deductions. 2) Medical Expenses 3) Medical Miles –…

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So if I Catch a "Baseball", I May Owe Taxes to the IRS?

Posted in Tax News on July 21, 2011

Recently in baseball, a Yankee fan caught Derek Jeter’s 3,000th hit ball and now he may have to pay the Internal Revenue Service (“IRS”) tax money on the few gifts the Yankees gave him.  These items included tickets, signed bats,…

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