The AFI GroupIt's tax season! Do you have everything prepared? A little preparation and organization can simplify the process and reduce your stress levels. Whether you're a seasoned filer or a newcomer to the process, here are some essential pieces of information to help make tax season as smooth as possible.
The AFI GroupThe Tax Cuts and Jobs Act, signed by President Trump in 2017 was the biggest overhaul of the tax rules in 30 years.1 For individuals, it wiped out many of the miscellaneous itemized deductions taxpayers had used in previous years. With a substantial increase in standard deductions, the need for itemized deductions became obsolete for most taxpayers.
The AFI GroupIt’s that time of year—Uncle Sam is asking for money again. If you’ve kept up with the news, you probably know the tax laws have changed a bit. Here’s five important changes you should know before Tax Day.