Individual Income Tax

There’s still time to make a deductible IRA contribution for 2019

401K, Coronavirus Aid (CARES Act), COVID-19, IRA, Retirement, Roth IRA, Tax, Tax Deadlines, Tax Planning, Tax Savings / By Douglas Freeman

Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2019 tax year between now and the extended tax filing deadline and claim the write-off on your 2019 return. Or you can contribute to a Roth IRA …

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Do you still need to worry about the AMT?

AMT (Alternative Miminum Tax), Federal Income Tax, Federal Taxes, Income Tax, Individual Income Tax, Ordinary Income Tax, Tax, Tax Cuts and Job Acts (TCJA), Tax Deduction, Tax Planning, Tax Savings / By Douglas Freeman

There was talk of repealing the individual alternative minimum tax (AMT) as part of last year’s tax reform legislation. A repeal wasn’t included in the final version of the Tax Cuts and Jobs Act (TCJA), but the TCJA will reduce the number of taxpayers subject to the AMT. Now is a good time to familiarize …

Do you still need to worry about the AMT? Read More »

Individual Income Tax

There’s still time to make a deductible IRA contribution for 2019

Do you still need to worry about the AMT?

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