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Tax Update: Parking Deduction Changes

We’ve all been waiting with bated breath for the IRS to begin providing guidance on how some of the more minute changes in the Tax Cuts and Jobs act will be interpreted. We finally received some clarity about the changes to parking expense deductions. While we still have a few lingering questions about this area, the guidance definitely clears some things up. For a brief synopsis of what the IRS confirmed, check out this quick video.

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As we approach 80 years, Ellin & Tucker remains firmly in the room, driven by a legacy of excellence in teamwork, leadership, and service. Our strength has always been in our people, and together, we’ll continue to stand with the next generation of difference-makers and leaders, ready to shape the future.
Aileen Eskildsen, Chief Executive Officer

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