Eye On Housing
Each year, the IRS releases tax return statistics for returns filed for the prior tax year. Data is released throughout the year as more returns are processed and represent tax return information that has been gathered through late-May, mid-July, and mid-November. Although these numbers are not as thorough as the Statistics on Income tables, unlike those tables, filing season data… Read More ›
As tax reform negotiations pressed forward last year, there were high hopes that the dreaded individual alternative minimum tax (AMT) would be repealed. While the corporate AMT was abolished permanently, unfortunately, the individual AMT still exists under the Tax Cuts and Jobs Act (TCJA). However, the AMT rules are now more taxpayer-friendly, and other changes to the tax code reduce… Read More ›