Tax law changes likely affected your returns last year. The changes to many individual provisions are still scheduled to be temporary and are set to expire in 2025. With one year of the changes behind us, it is a good time to work with your CPA to minimize your tax liability and enhance your financial position.
This guide covers commonly requested federal tax rates, retirement contribution limits, and related items.
Tax Cuts and Jobs Act (TCJA) Resources
- IRS Tax Reform Web Page
- IRS Withholding Calculator and Estimator
- Pass-through Deduction Under TCJA (Flow Chart)
- 2019 – 2020 Tax Planning Guide