Virginia SALT Cap Workaround

Virginia SALT Cap Workaround

Just when you thought it was safe to file your tax return, the Virginia General Assembly passed new legislation concerning state and local tax (SALT) deduction. The Change On March 4, the General Assembly passed two bills (HB1121 and SB692), which clarify that...
What You Need to Know About Estimated Tax Payments

What You Need to Know About Estimated Tax Payments

Who Needs to Pay Estimated Taxes You may have to make estimated tax payments if you earn income that is not subject to withholding. Examples include incomes from the following: self-employment, interest, dividends, alimony, rent, realized investment gains, prizes, and...