What to know about this year’s big tax changes

UC expert explains how to prepare for tax season

Local 12 reported that taxpayers can expect some major changes this tax season.

Gary Friedhoff, adjunct instructor at the University of Cincinnati’s Carl H. Lindner College of Business, recently spoke to Local 12 about how to avoid surprises.

He said that preparation and record-keeping still remain the best tools, even as regulations shift.

“Organized records help support deductions,” Friedhoff said. “Credits are critical if you’re ever audited. If you can’t substantiate the requirements, the credit is gone.”

Charitable contributions, car purchases and the switch to digital payment only are just some of the impacted aspects of the tax code.

Read the full story on Local 12.

Featured image at top of tax documents. Photo/Adobe Stock

CFO Brew, a division of Morning Brew Inc. for finance professionals, reported that the complicated student loan environment could attract more people to professions like accounting, as recent grads look for professions that offer more stability and a faster financial pay-off. CFO Brew spoke with Michael Jones, associate professor of economics in UC’s Lindner College of Business, for an in-depth analysis of the student loan repayment landscape and what it means for early careers.

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