For some businesses, one of the most valuable tax benefits available is the deduction for qualified business income.
Tax reform legislation introduced a new tax deduction for small businesses that are structured as pass-through entities.
The American Taxpayer Relief Act of 2012 extends or leaves intact provisions that may benefit families saving for and funding a college education. 529 plans unchanged The new law did not affect 529 college savings plans, which offer some of the most meaningful tax benefits to savers. Account owners pay no federal income tax on