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May 9, 2022 

Gambling Loss Tax Deductions: No Luck Involved

The IRS takes a broad view of what constitutes a gambling activity. This isn’t restricted to betting on the racetrack or dog track or high stakes at the casinos, although those count, too. It also encompasses lotteries, raffles, keno, poker games ...

 Coping With the SALT Tax Deduction Cap

May 9, 2022 

Coping With the SALT Tax Deduction Cap

Among numerous other changes for individuals—including an increase in the standard deduction, suspension of dependency exemptions and modifications of other deductions—the TCJA clamps down on the write-off for SALT payments.