Archive | October, 2017

Washington Hotline – October 17, 2017

WASHINGTON NEWS Will Tax Reform Include New Charitable Deductions? As the House Ways and Means Committee staff continues to draft a massive tax reform bill, a new proposal could expand charitable giving. This week, Rep. Mark Walker (R-NC) introduced the Universal Charitable Deduction Act (UCDA). The UCDA proposes allowing “above the line” charitable deductions in […]

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Washington Hotline – October 3, 2017

WASHINGTON NEWS IRS Highlights Education Benefits With America’s children back in school this fall, the Service highlighted education benefits for teachers and students in IR-2017-163 and 166. Teachers have three potential benefits. An educator may deduct “above the line” amounts up to $250 so long as they are unreimbursed business expenses. This deduction is available […]

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