Montgomery Community Media

Many of the tax provisions under the Tax Cuts and Jobs Act of 2017(TCJA) were favorable to small business owners including those relating to using a car for business. Here’s what you need to know. 1. Section 179 Expense Deduction If you bought a new car in 2018 and use it more 50 percent for […]

House Republicans unveiled their new tax plan on Thursday and it’s already receiving some backlash from residents. “I’m concerned,” said Liz Feldman. “Not being able to declare charitable deductions, medical expenses and the interest on debt is concerning. Our son is going to have law school debt and this bill will impact him directly.” Feldman […]