2018 Tax Tips

The IRS reminds taxpayers of big changes that apply to most individual 2018 tax returns. Initial inflation adjustments, which were released by the IRS last year, were later revised to reflect inflation as well as the changes brought by the Tax Cuts and Jobs Act. Among the adjustments that affect most taxpayers are the elimination of the personal exemption (previously $4,050 in 2017), higher standard deductions and lowered tax rates, which now top out at 37% (down from 39.6% in 2017). Here are details of other key figures that have changed:

https://bit.ly/2JLujXh

How to ensure life insurance isn’t part of your taxable estate
If you have a life insurance policy, you may want to ensure that the benefits your family will receive after[...]
Simple retirement savings options for your small business
Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial[...]
Home sales: How to determine your “basis”
The housing market in many parts of the country is strong this spring. If you’re buying or selling a home,[...]