A seasonal job could last anywhere from three to eight months, depending on the company, the position, and how long a “season” lasts.
Nancy J. Winter, CPA – Year End Planning for Capital Gains and Losses
As an economic incentive for individuals to save and invest, gains from the sale of capital assets held for at least one year may be taxed at rates lower than ordinary income tax rates.
Nancy J. Winter, CPA – 2020 Business Travel Per-Diem Rates
Business travel entails a variety of expenses. In addition to the costs of getting to your work-related destination, other costs may include hotel, rental car, and meals and incidentals.
Nancy J. Winter, CPA – Tax Treatment of Alimony Payments
Alimony or separation payments paid to a spouse or former spouse under a divorce or separation agreement, such as a divorce decree, a separate maintenance decree, or a written separation agreement, may be alimony for federal tax purposes.
Nancy J. Winter, CPA – Should I Pay Both Property Tax Installments in 2019?
The ability to deduct state and local taxes (SALT) has historically been a valuable tax break for taxpayers who itemize deductions on their federal income tax returns. With the introduction of the Tax Cuts and Jobs Act (TCJA) in 2017, the SALT deduction was limited for tax years 2018 through 2025.
