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INDUSTRY NEWS2020-06-25T17:22:42+00:00

industry news

Grossman St. Amour CPAs team members address relevant subject matters in the world of accounting, taxation, business valuation and financial planning.  We invite you to review the various industry articles below.   Should you have a question about or interest in a particular subject matter, please contact us.

5 Overlooked Tax Deductions

Who among us wants to pay the IRS more taxes than we have to? While few may raise their hands, Americans regularly overpay because they fail to take tax deductions they are eligible for. Let's take a quick look at five [...]

April 5th, 2021|

Home-related tax deductions

Property tax deduction. Under the TCJA, through 2025, the property tax deduction is subject to a $10,000 limit ($5,000 if you’re married filing separately) on combined deductions for state and local taxes. Higher-income taxpayers owning valuable homes in high-property-tax locations have [...]

March 29th, 2021|

5 Valuable Tax Credits for 2020 Individual Returns

Individuals who are eligible for federal income tax credits can significantly lower their tax obligations. It's important to differentiate between tax credits and tax deductions. A credit usually provides greater tax savings than a deduction, because a credit reduces your tax [...]

February 8th, 2021|

Home Office Deduction: Do you Qualify?

Click here to see the Channel 9 interview about the home office deduction:    Home Office Deduction Do you qualify for the home office deduction?  Kathleen Kaminski, CPA, Senior Manager, talks with Channel 9 on this topic.  For guidance on the [...]

February 1st, 2021|
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