2020 Tax Brackets, Deductions, Plus More
Category Archives: Tax and Financial News
2020 Tax Brackets, Deductions, Plus More
🖨 Print⏱ 4 min readShare by Beginning on Jan. 1, 2020, the Internal Revenue Service (IRS) has new annual inflation adjustments for tax rates, brackets, deductions, and retirement contribution limits. Note, the amounts below do not impact the tax filing you … Continue reading
How to Defer, Avoid Paying Capital Gains Tax on Stock Sales
🖨 Print⏱ 5 min readShare by The markets are hitting all-time highs, so if you are thinking of selling stocks now or in the near future, there is a good chance that you will have capital gains on the sale. … Continue reading
Tax Changes 2019
🖨 Print⏱ 4 min readShare by With the start of the fourth quarter of 2019 underway, it’s time to see what the Internal Revenue Service (IRS) will expect of filers for their 2019 taxes. The following are a list of … Continue reading
How to Get the IRS to Pre-Approve Your Taxes
🖨 Print⏱ 4 min readShare by It might seem odd, but it is possible to get the IRS to give you a straight-forward and binding answer to ambiguous tax positions in advance. How does this happen, you ask? The answer … Continue reading
The Five Key IRS Rules of Taxation for Lawsuit Settlements
🖨 Print⏱ 4 min readShare by Coming out on the winning side of a lawsuit as a plaintiff can be a gratifying feeling, especially if there is a financial settlement involved. There is likely a sense of both relief and … Continue reading
2017 vs. 2018 Federal Income Tax Brackets
Share by Single Taxpayers 2018 Tax Rates – Standard Deduction $12,000 2017 Tax Rates – Standard Deduction $6,350 10% 0 to $9,525 10% 0 to $9,325 12% $9,525 to $38,700 15% $9,325 to $37,950 22% $38,700 to $82,500 25% $37,950 … Continue reading
