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Tax Planning For Individuals
  • Document Cash and Non-Cash Donations
  • Track Home Office Expenses (Unreimbursed expenses related to your job)
  • Document Education Expenses related to obtaining higher education degrees and/or certifications that will enhance your job skills.
  • Make Contributions into your 401(k), 403(b) Plans, Roth or Traditional IRA's

     Tax Cuts & Jobs Act

      Here is a list of some important changes for 2019:

  •    Increased Standard Deduction Amounts for all filing statues
               Single                                      $12,000
               Married Filing Joint                  24,000
               Married Filing Separate           12,000
               Head of Household                  18,000

  • State & Local tax deduction is now capped to $10,000.  This includes both state income tax, sales/use tax and property taxes.

  • Casualty Loss - Deduction NO LONGER ALLOWED unless loss is resulting from federally declared disaster.  To claim the loss deduction, a FEMA number and property location is required.

  • Charitable contributions deduction limit is now 60% of your Adjusted Gross Income (AGI).  Any amount over $250 must be substantiated.  

  • Qualifying Relative Credit. You can now receive a $500 deduction for a qualifying relative.

  • Moving Expenses are NO LONGER ALLOWABLE except if you are a member of the Armed Forces.