March highlights from The MWE Advisor: 5 last minute tips to lower your 2018 taxes and answers to your organization’s family and medical leave credit questions.
5 Last-Minute Ideas to Lower Your 2018 Taxes
Tax Day is right around the corner. Every year, thousands of people delay filing their taxes until the last minute or they file an extension. That’s especially true now, as taxpayers try to decipher what’s changed under the Tax Cuts and Jobs Act. Fortunately, there may be a few simple strategies that many individuals can still use to lower last year’s tax liability even though 2018 ended months ago.
Answers to Your Family and Medical Leave Credit Questions
If your organization wants to claim the new family and medical leave credit, take note. The IRS has issued Form 8994, Employer Credit for Paid Family and Medical Leave, for use in 2018 and 2019 tax year filings. The IRS has also provided details about the credit, including how employers qualify and how the credit is calculated.