Income Tax

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August 19, 2015 

Back to College? Don’t Forget the Tax Credits and Deductions

The credits apply to eligible students enrolled in an eligible college, university or vocational school, including both nonprofit and for-profit institutions. The credits are subject to income limits that could reduce the amount claimed on their tax ...

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August 7, 2015 

Tips to Get the Most Tax Benefit From Car Donations to Charity

In the past, donating cars to charity was a win-win situation for the donor and organization, even if you were giving away a lemon. All you had to do was arrange the pick-up or drop-off, refer to an auto-buying guide like the Kelley Blue Book (KBB) and th

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August 2, 2015 

Want Reform? The Tax Plans of the 2016 Presidential Candidates

The field for next year’s presidential derby is crowded and prospective candidates have started jockeying for position. One of the main issues that can set these politicians apart is tax reform. Some candidates have already unveiled detailed proposals ...

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July 27, 2015 

Is Summer Camp Tax Deductible?

I know, I know…the subjects of fun summer camp and “funless” income tax preparation don’t exactly go together as well as toasted ‘mallow and graham. But for as painful as taxes might be, there is some value here for anyone that sent a child to camp last summer, or is planning to in the coming months....…

Ryan Barone

 Senate Committee Approves Tax Extenders Through 2016

July 27, 2015 

Senate Committee Approves Tax Extenders Through 2016

Among the many provisions addressed in the bill, business taxpayers would benefit from an extension and expansion of the Research and Experimentation (R&E) Credit, the Work Opportunity Tax Credit (WOTC), and the §179D deduction.