Posts by Burt Huggins

Entertaining Tax Deductions & Tax Reform

The Tax Cuts and Jobs Act (TCJA) was signed into law by President Trump on December 22, 2017 and made sweeping changes to the Internal Revenue Code. Sacred deductions like the personal exemption were eliminated while tax rates were reduced, brackets were expanded, and new deductions like the 20% qualified business income deduction were introduced.…

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How the SC Gas Tax Credit May Impact You

The new year is ushered in with thoughts of a clean slate and resolutions about change we want to see in our lives. This year, the new year is accompanied by changes in Federal and South Carolina tax laws. One of the law changes involves the South Carolina motor fuel user fee. Most everyone is affected by this change.

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