Colorado SALT Parity Update

Colorado SALT Parity Update

Colorado’s Department of Revenue (CDOR) is now allowing Denver partnerships and S corporations to make an election into the SALT Parity Act for the 2022 tax year when filing their 2022 income tax return.  Quarterly estimated tax payments beginning in 2023. Although...
2021 Year End Tax Planning

2021 Year End Tax Planning

2021 Here are some year-end tax planning ideas to accomplish before New Year’s Day. Medical Expenses Out-of-pocket medical expenses that exceed 7.5% of your gross income are deductible as an itemized deduction. If your year-to-date medical expenses are already close...