by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
Corporations with a net income lower than $50,000 will see an increase of 6% in their taxes. The new corporate tax rate is 21% across the board, no more brackets. Previously small corporations under $50,000 only paid 15%. If your corporation falls into this...
by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
The new tax law has done away with the “Unreimbursed Employee Expenses” deduction. In the past these have been deducted on a taxpayer’s itemized deduction, Schedule A, Form 2106 (subject to 2% of AGI). If you are a mechanic, nurse, truck driver,...
by Lynda Startzman | Jul 17, 2018 | Razorback News, Tax Information, Uncategorized
The Social Security Administration is issuing NEW medicare cards. They are changing everyone’s id number from their social security number. Be sure to open any and all mail you receive from SSA or medicare. Your new id number is different and you will need to...