Thinking about the July 15th tax deadline and looking for inspiration for this article I found a plethora of quotes on taxation. One of the more uplifting ones was attributed to the American historian Albert Bushnell Hart, “Taxation is the price which civilized communities...
Some retirement plan contribution limits are increasing in 2020. Periodically the Treasury Department raises contribution limits to keep pace with inflation. This is good news for those that like to max out their savings for retirement. For 2020, this includes almost all types of retirement...
Americans are still trying to understand the magnitude of changes from the 1101 page Tax Cuts and Jobs Act and how it will impact their income taxes. Less than 10% of individuals are expected to itemize deductions in 2018, down from almost 30% in...
The passage of the new tax law, the Tax Cut and Jobs Act (TCJA), ushered in a bevy of changes that tax professionals and the IRS are still working to interpret. While the bill was being debated in congress, there was substantial discourse regarding the...
The Tax Cuts and Jobs Act (TCJA) was signed into law on 12/22/2017. The 186 pages of reform were so broad that even as financial professionals we are still trying to grasp all the impacts to our clients. Although much has been made...