Monthly Archives: February 2020

//February

The Home Energy Saving Tax Credit Is Back

Article Highlights: Appropriations Act of 2020Residential Energy (Efficient) Property CreditLifetime CreditCredit LimitsQualifying PropertyPer Item Credit LimitsBasis AdjustmentRetroactive Application On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including retroactively extending certain tax provisions that expired after 2017 or were about to expire, [...]

By |2020-02-11T16:01:42+00:00February 19th, 2020|Categories: Uncategorized|0 Comments

Above-the-Line Education Tax Deduction Reinstated

Article Highlights: Appropriations Act of 2020History of the DeductionOther Education Expense BenefitsWhich Tax Break Provides the Best Benefit On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, among them retroactive extension of certain tax provisions that expired after 2017 or were about [...]

By |2020-02-11T15:56:06+00:00February 14th, 2020|Categories: Uncategorized|0 Comments

Will Independent Contractors Become Extinct?

Article Highlights: New California LegislationEmployee or Independent ContractorDynamexABC TestImpact on EmployersImpact on WorkersSafe Harbor The California legislature recently passed landmark labor legislation that essentially makes it very difficult, if not impossible, for a worker to be classified as an independent contractor (self-employed). Governor Newsom was quick to sign it into law, and it generally became [...]

By |2020-02-11T15:50:57+00:00February 11th, 2020|Categories: Uncategorized|0 Comments