Education Tax Planning - 2020 Key Numbers
2020 Education Tax Planning including deductions and education savings plans.
Retirement Tax Planning - 2020 Key Numbers
2020 Retirement Plan, IRA and Fringe Benefit Limits
Business Tax Planning - 2020 Key Numbers
Business Planning - Key Numbers 2020, adoption assistance programs, health insurance deduction for self employed, qualified transportation benefits, section 179 expenses, small business tax credit, standard mileage rate
2020 Federal Income Tax Rate Schedules
2020 Federal Income Tax Rate Schedules Individuals, Trusts, and Estates
Individual Income Tax Planning (2020)
Alternative Minimum Tax (AMT), child tax credit, earned income tax credit, itemized deductions, kiddie tax, personal exemptions, and more.
New Spending Package Includes Sweeping Retirement Plan Changes (SECURE Act)
The SECURE Act represents the most sweeping set of changes to retirement legislation in more than a decade. Many individuals will likely want to revisit their retirement and estate strategies to prevent unexpectedly high tax bills in the future.
IRA and Retirement Plan Limits for 2020
The IRS publishes annual updates to IRA and retirement plan contribution and earning limits for eligible participants. For 2020, changes are happening that impact IRA income rules and 401k/403b contribution limits.
Year-End Charitable Giving 2019
When making charitable gifts at the end of a year, you should consider them as part of your year-end tax planning. Typically, you have a certain amount of control over the timing of income and expenses. You generally want to time your recognition of income so that it will be taxed at the lowest rate possible, and time your deductible expenses so they can be claimed in years when you are in a higher tax bracket.
Could a Health Savings Account Help Strengthen Your Retirement Plan?
A health savings account (HSA) is a tax-advantaged account linked with a high-deductible health plan (HDHP). They work together to help you cover your current health-care costs and also save for your future needs.
2018 Tax Filing Data Shows Need to Review Withholding
The IRS continues to encourage taxpayers to review the amount of tax they have withheld to avoid an unexpected tax surprise when they file their 2019 tax returns next year. Preliminary 2018 tax filing data seems to show the need for taxpayers to review their withholding in order to make sure the appropriate amount of tax is being withheld from their paychecks to reflect recent tax law changes.