As you may already know, there have been many recent changes to the tax law that will affect how you file your taxes this spring. While in previous years you may have opted to complete your taxes on your own with the help of tax software, you may want to have the help of a professional this year.

At QualiTax, we offer professional tax services for both individuals and businesses. If you’re worried about how the new tax laws will change the way you pay your taxes, it’s better to have peace of mind knowing that the tax professionals at QualiTax have your back. Don’t wait until it’s too late, contact QualiTax today and schedule your appointment with our experts.

Individual Tax Laws

In order to better serve our clients, we’ve ensured that all of our tax professionals are up-to-date on the latest tax laws. When you work with QualiTax, we will give you a run-down on areas where you will be most affected by the new tax laws, then we will come up with a plan on how to save you the most money.

The biggest areas where you will see a change for your personal taxes include the following:

  • Estate Tax Exemption
  • Standard Deduction
  • Personal Exemptions
  • Kiddie Tax
  • Child Tax Credit
  • Student Loan Interest Deduction
  • Section 529 Plans
  • Itemized Deductions
  • Affordable Care Act
  • IRA Recharacterizations
  • Plan Loan Offsets

If you have any questions about how these areas may affect your taxes, consult with a tax strategist at QualiTax today.

Corporations and Businesses

QualiTax is proud to provide our expert tax services to both individuals and businesses alike. Unfortunately, your personal taxes aren’t the only taxes affected by the new tax law changes. Tax laws for businesses have changed for businesses in the following areas:

  • Tax Rates
  • Dividends Received Deduction
  • Alternative Minimum Tax
  • Pass-through Businesses
  • Carried Interest
  • Domestic Production Activities Deduction (DPAD)
  • Like-Kind Exchanges
  • Net Operating Losses
  • Excess Business Losses
  • Section 179 Expensing

For more information on how you or your business will be affected by the 2017 tax law changes, contact QualiTax today. Our tax professionals are well-versed on tax law and we can help you devise a plan to save money, despite the recent changes. To schedule a meeting, contact us at 410-346-5431. Don’t wait until it’s too late!

Still Have Questions About The Recent Tax Laws? Contact One Of Our Tax Experts Today!

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