News and Events

At the end of December, President Trump signed the Tax Cuts and Jobs Act.  This made fundamental changes to the U.S. tax code, including eliminating some key deductions. The new law will go into effect for your 2018 taxes, which means that your 2017 taxes that you file in April of next year will still be determined under the old rules.

If you’ve had a baby, you likely are now eligible for many new tax deductions and tax credits that you were not able to take before. Talking with a Maryland tax lawyer about your eligibility for deduction is a smart move so you can make sure you claim the full value of deductions and credits that may be available. 

The Republican Party has announced its tax reform proposals and the reforms would mean some major changes to the tax code for both individuals and businesses.

Many expatriates who have left the United States are considering renouncing their U.S. citizenship as a result of increasingly burdensome tax requirements.  A record 5,411 people renounced their citizenship last year, which was a 26 percent increase compared with 4,279. people in 2015.