Tax Newsletter - December 2019 No images? Click here December 2019 Tax NewsletterHolidays, Family, Travels ... Taxes!As we approach the end of another year, we all become enthralled with the holidays and its activities, family and friends gatherings, and travelling to be with loved ones ... or warmer climates! But in the horizon, yes, tax season is about to begin again! Lots of Information to read for the new tax season here: IRS inflation adjustments: We are providing you with a chart as a courtesy of all of the IRS adjustments for the new tax season. Most of these adjustments are dependent on inflation or per Congressional acts. Click here to read which adjustments may affect your tax situation. The 2020 Tax Calendar has been compiled for your benefit as well. Please click here to download your calendar and mark the dates. Standard Mileage Rates: Read about the Standard mileage guidance updated for the TCJA here. Virtual currency IRS updates: Other tax news article concerning the New guidance on virtual currency covering “hard forks” here. Tax Brackets & More: Review the 2020 Tax Brackets, Standard Deduction, and Other Changes here. 2019 Tax Highlights Video - NEWPlease click here to view the NEW video concerning the tax highlights for 2019.International Tax News LinksUnited States: Tracking the 2020 Presidential Tax Plans United States: FinCEN Director Kenneth Blanco Reminds Market Participants To Comply With AML Virtual Currency Regulations United States: About half of Americans don’t know what tax bracket they’re now in—here’s how to find out United States: 12 Cheapest States for a Comfortable Retirement: 2019United States: Taxpayers should consider tax rules before entering into settlements or judgments United States: IRS Bumps Up 401(k) Contribution Limit for 2020 United States: Why Should You Make A Will? Worldwide: Millennials Prefer Owning/Leasing A Car Over Ride-Hailing Services
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"Do I have to file?"Wondering if you are required to file because your income is too low? There are changes for 2018 tax year so you could possibly do not have to file taxes to Uncle Sam this year. Click here for thresholds from 2014 to 2018.
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