What can I deduct from taxes?

Giving to Your Favorite Charities in a Time of Crisis

Bailey Scarano Blog / By

The COVID-19 pandemic has created a great deal of emotional and financial stress. It has also generated a far higher demand for charitable action. If you can continue donating during this difficult period, the CARES Act offers some encouragement and relief to donors, whether you can give thousands or just a few bucks. Tax benefits […]

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The TCJA Effect: Qualified Residence Interests

Bailey Scarano Blog, Tax & Money Tips / By

The Tax Cuts and Jobs Act (TCJA) had both a direct and indirect impact on the various types of interest expense that individuals can deduct from their taxes, including qualified residence interest. The TCJA affects interest on residential loans in two ways. First, it nearly doubles the standard deduction and places a $10,000 cap on

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