Cardinals Playoff Attendance Numbers Fall. Fair Weather Fans? Or TCJA Impact?

According to KSDK in St. Louis, Game 4 of the National League Division Series (NLDS) was the first-ever non-sell out playoff game in the history of Busch Stadium III. Are sports teams in the St. Louis area finally feeling an impact from the Tax Cuts and Jobs Act (TCJA) in regards to t

2018 Itemized Deduction Changes

Due to the recent tax law changes, many more taxpayers will be taking the standard deduction vs itemizing for 2018. The standard deduction  for 2018 is $24,000 for married filing jointly taxpayers (up from $12,700 in 2017). Significant changes to itemized deductions take effect this y
Tax deduction

Is Your Business A Specified Service Business?

The Tax Cuts and Jobs Act (TCJA) created a new deduction for qualified business income. However, business income that comes from a specified service business is not eligible once taxable income reaches a certain limit. So, what is considered a specified service business? The IRS defin

Are You Eligible for the New Business Income Deduction?

The Tax Cuts and Jobs Act (TCJA) made significant changes to the tax law, most notably the addition of a new deduction for qualified business income. Qualified business income includes the ordinary income from sole-proprietorships, single-member LLCs, partnerships, S-corporations, and

Deducting Mortgage Interest Under the New Tax Law

The Tax Cuts and Jobs Act (TCJA) made significant changes to the tax law. One of the many changes is the deductibility of home mortgage interest. Before the change, taxpayers could deduct mortgage interest on debt up to $1,000,000, plus an additional $100,00 for home equity debt. The