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Key Tax Rules for Deducting Mortgage Interest

(CPA Practice Advisor) - Among numerous other changes, the Tax Cuts and Jobs Act (TCJA) chipped away at several tax breaks for individuals, including the deduction for mortgage interest. But the fall-out isn’t as bad as it first seems. Most taxpayers can continue to deduct ...


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14 Fresh Functions: Excel Adds New Capabilities to Help Save You Time 
(CALCPA) - Our expert for all things Excel, Jeff Lenning, CPA, takes us through another lesson, this time addressing the 14 new functions recently added to Excel, with illustrative examples for each.

TurboTax Owner Intuit to Pay $141 Million to Customers ‘Unfairly Charged’ 
(CNBC) - Intuit, which owns TurboTax, has agreed to pay $141 million in restitution to 4.4 million low-income customers who were charged for using the TurboTax Free Edition, according to an announcement Wednesday.

Fed Raises Interest Rates by 0.50%, Largest Move Since 2000 
(Yahoo Finance) - The central bank suggested that it will further raise borrowing costs throughout this year as it attempts to undo its pandemic-era, easy money policies. The policy-setting Federal Open Market Committee also detailed plans on unwinding its nearly $9 trillion balance sheet.

First Pig-To-Human Heart Transplant May Have Failed Due To Pig Virus, Report Says 
(Forbes) - A Maryland man who died of no clear cause two months after receiving the first ever transplant of a genetically modified pig heart may have been the victim of a pig virus linked to transplant failure

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