2019 Year-End Tax Planning Guide
The Tax Cuts and Jobs Act of 2017, which we will refer to as the
2017 Tax Act, was enacted in December 2017 bringing significant
changes to the US tax system.
For 2019, there are fewer changes than there were for 2018. Slight changes have been made to brackets and limits to account for inflation. The Affordable Care Act penalty on taxpayers with no health insurance coverage is ending this year. The unreimbursed medical expense deduction must now exceed 10% of AGI, which is up from 7.5% in 2018. Alimony for divorce decrees issued in 2019 and after will no longer be deductible nor taxable. Taxpayers who paid more tax than anticipated in 2018 should carefully review withholding and quarterly payments for 2019.
Click here to download the complete pdf and prepare: 2019 Year-End Tax Planning Guide.
Strategies for Individual Taxpayers
2019 tax brackets and rates
Timing strategies
AMT Rates
Retirement Planning
Your Investments
How much can you contribute
Capital Gain/Dividend Rates
Year-end reminders
Opportunities for Business Owners
Review Earnings and Taxes
Tax Rates
Timing strategies
Asset purchases
S Corp Strategies
