IRS Withholding Calculator | Internal Revenue Service

The 2018 tax law changes are still confusing to many people. However, if you haven’t made adjustments to your withholding, take a look at this tool from the #IRS. Be sure to have a recent paystub handy; this you can usually access online from your employer. Follow the link to try out the calculator: IRS Withholding Calculator | Internal Revenue Service

After you have tried the tool, if you have questions or are unsure of what to do next, send your questions to info@kcallp.com and we will do our best to assist you.

Rules and Limits for the Student Loan Interest Tax Deduction

There are many changes in the tax law that have impacted taxpayers this year. There are some items that have remained relatively unchanged. One of those is the deduction for student loan interest paid. The most student loan interest you can claim as a tax deduction is limited to $2,500 as of the 2018 tax year.

Read more of the details in this article from the balance via Rules and Limits for the Student Loan Interest Tax Deduction.

At K & C Accounting, we are here to maximize your tax savings.