March 1, 2019

Understanding key changes


Do you want more information about the changes brought by tax reform? Major tax law changes have affected every taxpayer. That’s why the IRS has developed an online publication and other resources to help you understand how the changes affect you. Key changes to be aware of include lower tax rates; a much higher standard deduction; a list of deductions that are limited or discontinued; an expanded child credit; elimination of the personal exemption; and more. See the IRS online resources at http://bit.ly/2BOCCzl  or contact us for help.