BLS Insights

Discover the depth of BLS knowledge and information.

Month: July 2019

Casualty & Disaster Losses Tax Treatment

July 30, 2019

Prior to 2018, taxpayers could take a deduction for personal casualty losses experienced during the tax year.

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What are the Effects of Marriage on Taxes Post-TCJA?

July 23, 2019

The marriage tax penalty or benefit occurs from a change in a couple’s tax liability as a result of marriage and subsequently filing jointly. The marriage tax penalty results when the tax burden of a married couple filing jointly is greater than that of an unmarried couple filing separately. This penalty has impacted married taxpayers … Continued

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Amended Returns – When/Who Should File?

July 16, 2019

Did you file a timely income tax return and then realize you missed something or made a mistake?

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