Tax Prep, Planning & Strategy Insights

What you still need to know about the alternative minimum tax after the new law | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What you still need to know about the alternative minimum tax after the new law

The alternative minimum tax (AMT) is a separate federal income tax system that bears some resemblance to the regular federal income tax system.…
What families need to know about the new tax law | tax preparation in baltimore county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What families need to know about the new tax law

The One, Big, Beautiful Bill Act (OBBBA) has introduced significant tax changes that could affect families across the country. While many of…
No tax on car loan interest under the new law? Not exactly | tax accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

No tax on car loan interest under the new law? Not exactly

Under current federal income tax rules, so-called personal interest expense generally can’t be deducted. One big exception is qualified residence…
How will the changes to the SALT deduction affect your tax planning? | tax preparation bel air | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How will the changes to the SALT deduction affect your tax planning?

The One Big Beautiful Bill Act (OBBBA) shifts the landscape for federal income tax deductions for state and local taxes (SALT), albeit temporarily.…
Is college financial aid taxable? A crash course for families | tax preparation in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is college financial aid taxable? A crash course for families

College can be expensive. According to the College Board, the average sticker price for tuition and fees at private colleges was $43,350 for…
Milestone moments: How age affects certain tax provisions | CPA in Bel Air MD | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Milestone moments: How age affects certain tax provisions

They say age is just a number — but in the world of tax law, it’s much more than that. As you move through your life, the IRS treats you…

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