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Here Are Your Articles for Thursday, January 19, 2017
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Tips for the Upcoming Tax Season

With the holiday season well behind us, and spring just around the corner, it’s the time of year that many Americans have come to dread. That’s right, it’s tax time. With an always shifting tax landscape, it can be difficult to know if you’re missing crucial credits or deductions that could mean big savings for you or your business. However, tax season does not have to be painful.  With the right plan, anyone can rest easy when April 15th comes around.

Know All About Your Miscellaneous Deductions

Miscellaneous itemized deductions are deductible only if they exceed 2 percent of your adjusted gross income. You need to make sure that these deductions are ordinary, necessary and reasonable in amount, says the IRS. Click through to get specific details.

What's the Deal on the Earned Income Tax Credit?

The earned income tax credit, which makes $55 billion available annually to the working poor, has been around since 1975, but is still often misunderstood. Click through to get the facts of this useful but complex tax break.

Uncover the Tax Basics for Charitable Contributions

Everyone knows that charitable donations are deductible, but there are a lot of subtleties. Before you add up your deductions, make sure they're eligible. Click through for some basics on charitable giving.

Stephen Holladay
Stephen Holladay
Tax Practice Leader | Partner
(843) 665-5900
sholladay@websterrogers.com
1411 Second Loop Road
Florence, SC 29505
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Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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