This Month's Newsletter

December 2017

Update on IRS Contingency Plan

On January 15, 2019 the government invoked the Lapsed Appropriations Contingency Plan (Tax Year 2018 Filing Season).   This is a plan that is updated annually and which outlines procedures for the IRS to follow when there is a temporary lapse in appropriations.  As...

2018 & 2019 Tax Facts

• For 2018, the standard deduction for a single individual is $12,000 and for a married couple is $24,000. A person will benefit by itemizing once allowable deductions exceed the applicable standard deduction. Itemized deductions include state and local income taxes...

RE: 2019

Personal financial planning is an ongoing process. The good news is that financially speaking, most of 2018 was another really good year. The stock markets once again hit an all time high before giving back all of those gains at the end of the year . Real estate...