Category Archive for "Tax"

Mortgage Interest Deduction

Under the pre-TCJA rules, you could deduct interest on up to a total of $1 million of mortgage debt used to acquire…

Ohio 529 Deduction Increased to $4,000

Effective Jan. 1, 2018, the state income tax deduction for contributions made to Ohio’s 529 increased to $4,000 for Ohioans. Passed by the Ohio…

Corporate Responses to Tax Reform

According to a Reuters/Ipsos poll released on January 29, two percent of U.S. adults said they received a raise, bonus or other…

Health Care Mandate

Starting in 2019, the TCJA has eliminated the shared responsibility payment, more commonly known as the “individual mandate,” that penalizes individuals who…

Young Professional Workplace Award

ARM CPA was recently honored by the The Columbus Young Professionals Club (CYP Club) and the Human Resources Association of Central Ohio(HRACO) as a winner of…

Child Tax Credit

Under pre-Act law, the child tax credit was $1,000 per qualifying child, but it was reduced for married couples filing jointly by…

Business Tax Reform

The recently enacted Tax Cuts and Jobs Act (“TCJA”) is a sweeping tax package. Here’s an overview of some of the more…

Individual Tax Reform

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package. Here’s a look at some of the more…

Estate Tax Reform

Changes to the estate and gift tax exemption were made by the massive Tax Cuts and Jobs Act (TCJA) effective beginning in…

20% Qualified Business Income Deduction

A significant new tax deduction will take effect in 2018 under the new tax law, the Tax Cuts and Jobs Act (the…

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