The IRS has announced the 2019 standard mileage rates used for calculating deductible costs for operating an automobile for business, charitable, medical or moving purposes.
ALERT: Be Wary of States Circumventing the $10,000 SALT deduction limitation
Current Law:
The Tax Cuts and Jobs Act of 2017 limits individual taxpayer’s state and local tax (SALT), itemized deduction to $10,000 (including real estate taxes). The previous law allowed an unlimited deduction. This change may be detrimental to many individual taxpayers who relied heavily on these deductions in the past.
State Work-Arounds:
Some states have considered “work-arounds” to combat this limitation. Select states (California, Connecticut, Illinois, New York and New Jersey, thus far) have created state read more…
If Your Kids Attended Summer Camp, You Could Save on Your Taxes
As summer winds down, many parents are now facing the reality of what their summer child care costs actually totaled. Surprisingly, it is quite significant. When registering little Timmy for day camp back in the spring, the $250 early-bird fee seemed so insignificant. In addition to the weekly cost of camp, there were a variety of incidental costs, such as concession stand monies, field trip fees, souvenir dollars and three replacement swim goggles that contributed to a very shocking bottom line.
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5 Things Every Small Business Owner Should Do Before Dec. 31.
For many small business owners, the fourth quarter signifies a final flurry of activity. Whether that is projecting inventory against sales or contemplating major purchases against anticipated revenue, for those who use QuickBooks software, it may seem as if the program takes care of the business loose ends on their behalf. As a result, business owners view the end-of-year task list as one less thing to think about in the middle of the night.
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Since 1938, Zinner has counseled individuals and businesses from start-up to succession. At Zinner, we strive to ensure we understand your business and recognize threats that could impact your financial situation.
Top Security Issues Tax Clients Must Watch Out for in 2026
Tax season has always been a prime opportunity for scammers, and 2026 is emerging as one of the most dangerous years yet. With increased filing confusion, AI‑powered fraud tactics, and a surge in data breaches fueling identity theft, tax clients need to be more...
Zinner & Co. Volunteers at Cleveland Food Bank Healthy Choice Market
On Jan. 22, Zinner & Co. employees spent the afternoon volunteering at the Greater Cleveland Food Bank’s Community Resource Center Healthy Choice Market. Our team was proud to support neighbors directly by helping make the shopping experience easier, more...
No Tax on Overtime Pay
The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This...
Understanding the Changes to Tax on Overtime Pay
The recently enacted One Big Beautiful Bill Act introduces a major change to the federal tax code, delivering welcome news for both employees and employers for tax years 2025 through 2028, as qualified overtime pay will not be subject to Federal income tax. This move...
Charitable Contribution Limitations Under H.R. 1
The One Big Beautiful Bill Act (OBBBA), also known as H.R. 1, was signed into law in July 2025, bringing significant changes to the rules governing charitable contribution deductions for taxpayers who itemize. If you regularly make charitable donations and claim them...
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