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2018 – 10/30 Do you have questions about your 2018 tax return? The IRS has launched a webpage titled “Tax Reform,” with links to detailed information related to the Tax Cuts and Jobs Act. The page has three sections, the first of which addresses individual taxpayers, on topics such as withholding; tax credits and deductions;…
2018 – 11/01 Attention businesses: As we get closer to 2018 federal income tax filing, the IRS is highlighting business changes in the Tax Cuts and Jobs Act (TCJA). The agency has posted a useful comparison on its website listing 19 tax changes. The list is divided into three columns that cover the tax provision,…
2018 – 11/02 There are new limits for retirement plans. The IRS has announced the 2019 cost-of-living adjustments for defined contribution plans and defined benefit plans. The maximum you can contribute to a 401(k) plan will rise to $19,000, from $18,500, plus a catch-up contribution of $6,000 for taxpayers age 50 and up. The amount…
