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Updates to the Child Tax Credit

Updates to the Child Tax Credit The Tax Cuts and Jobs Act that passed in December 2017 cut dependency exemptions and enhanced child tax credits beginning in 2018. The enhancements start with a broadened pool of eligible taxpayers. In prior years, a taxpayer’s credit amount began to phase out at $110,000 Beginning January 1, 2018, the credit begins to phase...

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July 1st Kentucky Sales & Use Tax Changes Could Affect You

July 1st Kentucky Sales & Use Tax Changes Could Affect You Kentucky passed House Bill 366 on April 13 and with that came a pretty substantial list of services that are now taxable for sales and use tax purposes (see Rudler PSC e-Tip Kentucky Sales & Use Tax Changes for a list). The very next day House Bill 487 was adopted which contained some more...

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