Taxes

IRS Inflation Adjustments for 2019

IRS Inflation Adjustments for 2019

Every year the IRS adjusts for inflation dozens of tax provisions. These include tax rate schedules, tax tables and cost-of-living adjustments. The IRS announced the adjustments for 2019. These ...Read more

Year-End Tax Planning, It’s Not Too Late to Lower Your Taxes

Year-End Tax Planning, It’s Not Too Late to Lower Your Taxes

While the best tax plans are usually implemented year-round, here are a few last-minute ways to save on your tax bill ...Read more

Donating Your Car to Charity

Donating Your Car to Charity

Sick of that old clunker sitting in your driveway? Donate it to charity. You may be able to get a valuable tax deduction for your donation. But, be aware that deducting car donations is a lot harder ...Read more

Guide to Using IRS Form 1099-Q

Guide to Using IRS Form 1099-Q

There are many different IRS forms that begin with the numbers 1099. These are all information returns. An "information return" is not a tax return. Instead, it is a form that tells the IRS that ...Read more

What Day Is Tax Day in 2019?

What Day Is Tax Day in 2019?

Tax day 2019 is Monday, April 15. This is the day your individual tax returns are due to the government for the 2018 tax year. When can I file taxes for the 2018 tax year? The IRS typically starts ...Read more

Can You Still Deduct Medical Expenses Under the New Tax Law?

Can You Still Deduct Medical Expenses Under the New Tax Law?

The Tax Cuts and Jobs act went into effect on January 1, 2018. The new law has a significant impact on taxpayers’ ability to deduct their medical expenses. In theory, such expenses remain ...Read more

The 2019 Federal Income Tax Brackets & Tax Rates

The 2019 Federal Income Tax Brackets & Tax Rates

The IRS has announced the tax rates and brackets for 2019. These are the rates for the 2019 tax year. You'll use these rates when you file taxes in 2020. Use the 2018 tax rates when you file taxes ...Read more