Hurricane Ian qualified disaster bill proposed by Byron Donalds
A local congressman is pushing the House of Representatives to consider a bill that could provide many with more Hurricane Ian relief.
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A local congressman is pushing the House of Representatives to consider a bill that could provide many with more Hurricane Ian relief.
Congressman Byron Donalds (R-FL) on Tuesday issued a statement to address constituents' concerns regarding the IRS Qualified Disaster Losses
Congressman Byron Donalds (R-FL) on Tuesday issued a statement to address constituents' concerns regarding the IRS Qualified Disaster Losses
With tax issues very much at the forefront of Americans' minds this April, one area where many are a little confused is with Qualified Disaster Distributions and how these dif
Getty Images Taxpayers have a choice between taking the standard deduction or claiming itemized deductions when filling out their federal income tax return. And, of course, you'll always want to pick whichever one is higher. As predicted, the number of American taxpayers claiming the standard deduction on their tax return shot up significantly after the 2017 tax reform law. Why? Because that law nearly doubled the standard deduction amount. Before the tax reform law, about two-thirds of all taxpayers claimed the standard deduction. That jumped to almost 90% for the 2018 tax year, which was th...