Projected 2019 Tax Rates, Brackets, Standard Deduction Amounts And More
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has increased by .2% for August, the same as in July. The CPI measures the cost of goods and services - in other words, your cost of living. When the CPI doesn't change much, it tends to signal that interest rates will stay put. This is important information for taxpayers because the Tax Code provides for mandatory annual adjustments to certain tax items based on inflation.
10 Tax Deductions That Will Disappear Next Year
Touted as the largest tax overhaul in 30 years, the Tax Cuts and Jobs Act of 2017 is poised to have a significant effect on income tax returns next year. "Overall, everyone should get some type of tax savings," says Miguel Farra, chairman of the tax and accounting department for accounting firm MBAF in Miami.
QuickBooks Desktop 2016 service discontinuation
After May 31, 2019, access to add-on services will be discontinued for QuickBooks Desktop 2016 (Windows and Mac). This includes all versions of QuickBooks Desktop 2016 (Pro, Premier, Enterprise Solutions, Accountant Edition, and Mac).
Tax reform and 2019 returns
While the majority of taxpayers? returns from the tax season just completed were not affected by the Tax Cuts and Jobs Act, the impact of its provisions will be felt for years to come ? and right now is a good time to start getting ready. Read more
Get a load of these year-end tax breaks for small businesses.
Whether it's loading up on retirement savings or taking a 20 percent deduction, small-business owners are running out of time to save on their 2018 taxes. This has been a busy year for all taxpayers, as the Tax Cuts and Jobs Act went into effect in January 2018. Read more
IRS Warns On Surge Of New Email Phishing Scams
It?s the most wonderful time of the year ? for scammers. The Internal Revenue Service (IRS), state tax agencies and the nation?s tax industry are warning taxpayers to be on the lookout for scams at this time of year. The call follows what the IRS refers to as ?a surge of new, sophisticated email phishing scams.? Read more