New tax laws made significant changes to Federal income taxes beginning in 2018. While there was no significant new legislation in 2019 affecting individual taxes, personal situations do change from year to year, thus requiring a fresh look at how to approach your year-end tax planning. Here are some suggestions.
How Required Minimum Distributions are taxed can be confusing. Learn more here.
The SECURE Act can potentially make significant changes to retirement and 529 Plan accounts. Read about some of the major components here.
Tax laws have changed, and in some cases popular deductions have been reduced and even eliminated. However, there are some unusual medical deductions you might not have considered.
So many Americans are still trying to figure out if the new tax law helped or hurt them. One’s instinct is to judge it based on whether you paid more taxes this year or last year. However, this may not be an accurate way to assess the result. Find out why.
Tax season officially started this week, and the IRS maintains it is expecting to issue refunds within 21 days of when it receives and accepts a return – the same as always. Consider these tips to save your preparer time, and potentially save yourself money.
This is an update about the problem with the IRS Tax Withholding Table.
Another tax bill is working its way through the House. If passed in its present form, it makes changes to retirement plans and other things. Read more.
Due to the many changes the recently passed Tax Cuts and Jobs Act made to how taxable income is derived, many taxpayers may be more under-withheld than normal. Find out what you can do about it.