704-593-9695 david@davidrayecpa.com

Home Office Deduction

I hope you and your families are doing well and staying safe & healthy! One of the deductions that was eliminated with the Tax Cuts and Jobs Act of 2017 was the home office deduction. Prior to TCJA, employees could deduct from their income a portion of expenses...

Turning Investments into Tax Deductions

As the end of the year approaches, you may be looking for ways to lower 2019 taxes.  With the stock market near record highs, you may also be sitting on significant unrealized capital gains.  This may be the perfect time to turn your investments into tax deductions....

REITS & Tax Reform

An investment vehicle that may be worth a second look in the wake of tax reform is Real Estate Investment Trusts or REITs. REITs are corporations that primarily invest in real estate and produce income from rental properties or from buying and selling properties. ...

Donor advised funds

Another method of donating to charity in a tax favored way is the donor-advised fund.  A donor-advised fund qualifies as a tax-exempt charity and therefore money can be placed in these accounts for an immediate income tax deduction. These funds can grow tax free and...