CPA Client Bulletins
The start of each year might be considered “Double IRA” season. Until mid-April (the 15th, in 2019), you still can make contributions to an IRA for 2018, if you have funds you’d like to save for retirement. Most workers and their spouses may each contribute up to $5,500 or $6,500 for those who were 50 or older at the end of 2018.
What’s Inside
- Double (and triple) IRA season is here
- Drive cautiously but carry ample auto insurance
- IRS says business meal deductions still apply
- Tax calendar
READ ISSUE
CPA Client Bulletins
The Tax Cuts and Jobs Act (TCJA) of 2017, sharply raised the standard deduction and placed limits on itemized deductions. In particular, no more than $10,000 can be deducted in state and local tax (SALT) payments on a single or joint tax return.
What’s Inside
- The new SALT deduction limits will affect home sales
- Powers of attorney can be vital documents
- How to handle year-end bonuses
- Tax calendar
READ ISSUE
Community Events
The WRDR elves joined the Center for Disability Services at their Breakfast with Santa event. I guess you can say Santa’s tax status is elf-employed! Take a look a the pictures from the event.
https://wrdr.com/2018-cds-breakfast-with-santa/
Community Events
The WRDR team has been all over town for different community events. This one is a throwback to the Cornerstone Champagne Luncheon where the team celebrated Turkey Day in style. Take a look at the photos from the event.
https://wrdr.com/2018-cornerstone-champagne-luncheon/
CPA Client Bulletins
The Tax Cuts and Jobs Act of 2017 (TCJA), passed at the end of last year, generally took effect in 2018. Therefore, the fourth quarter of this year provides the first real opportunity for year-end planning under what has been called the most important tax law passed in more than 30 years.
What’s Inside
- Year-end planning under the new tax law
- Sizing up the standard deduction
- Year-end tax planning for charitable donations
- Year-end tax planning for investors
- Year-end retirement tax planning
- Year-end business tax planning
READ ISSUE
