2019 Tax Notes

Published: 1/17/2019 3:28:02 PM

2019 TAX NOTES This year promises to bring continued change and confusion.The Tax Cuts and Jobs Act created a number of significant changes impacting taxes for 2018 through 2025.Changes will impact most individuals including a shift of the income ranges within each tax bracket, elimination of exemptions and standard deduction changes.Congress currently has a bill proposing 28 RETROACTIVE changes that might affect 2018 tax returns for some individuals.Clients who have tuition expenses, PMI mortgage insurance or made energy efficient home improvements in 2018 may want to delay filing.These are currently not deductible, but might be deductible before April 15th. For

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