January 23, 2019 – DougFreemanCPA.com

Many tax-related limits affecting businesses increase for 2019

401 K, Business Income Tax, Contributions, de mimimis Fringe Benefits, Deductions, Donations, HSA, Income Tax, Qualified Business Income Deducton (QBI), Retirement, Simples, Small Business, Tax, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Planning, Tax Savings, Tax-Advantaged Savings / Douglas Freeman

A variety of tax-related limits affecting businesses are annually indexed for inflation, and many have gone up for 2019. Here’s a look at some that may affect you and your business. Deductions. Section 179 expensing:Limit: $1.02 million (up from $1 million) Phaseout: $2.55 million (up from $2.5 million) Income-based phase-ins for certain limits on the […]