Tax rates, tips and other helpful information for this year
Every year brings new changes to the tax code. Here is where you can review tax code changes that impact most taxpayers.
Looking for educational expense tax deductions and other benefits? Listed here are the credit and deduction limits for popular educational tax benefits.
Always know your marginal tax rate. Use the tax table here to see the rates applied to each level of your income.
A great comparison of this year's key tax amounts and how they changed versus last year.
Funding a retirement plan or an HSA? Don't forget to adjust your contributions for new limits each year. Here they are.
Here are current year mileage rates
Here are the current year and prior year estate and trust tax tables. Remember, this tax table is now used for kiddie tax calculations.
Up to date IRS interest rates can be found here for the current tax year.
Here are the standard deductions for the current tax year.
Corporate tax rates and Section 179 expense limits are noted here for your use.
Here are the income levels subject to Social Security and the tax rates applied to your income for both Social Security and Medicare. Facts everyone should know.
The ever-popular health savings accounts (HSA) limits are set for 2020. The new limits increase the amounts you can save and pay for qualified medical expenses with pre-tax dollars.
Tax benefits often disappear as your income rises. Here are the key phaseout levels.
There is an alternative to saving everything in case of audit. Here are the basics of what you should keep and how long you generally need to keep them.
Not sure how long to keep business records? Outlined here is a conservative approach that will help you be prepared in case you need them.
The Social Security Administration recently announced their 2020 Cost-of-Living Adjustment (COLA) changes. Here is what you need to know.
Questions about your financial situation? Contact us!
This publication provides summary information regarding the subject matter at time of publishing.
Please call with any questions on how this information may impact your situation. This material may not be
published, rewritten or redistributed without permission, except as noted here. This publication includes,
or may include, links to third party internet web sites controlled and maintained by others. When accessing
these links the user leaves this web page. These links are included solely for the convenience of users and
their presence does not constitute any endorsement of the websites linked or referred to nor does
Barbara A. Keeney, CPA, LLC have any control over, or responsibility for, the content of any such websites.
© 2020 All rights reserved.