Starting at 5:00 p.m. on Friday, March 20, 2020, our office will be closed to the public. Team members can be reached by phone or email Monday through Friday from 8:00 a.m. to 5:00 p.m. In addition, beginning Thursday, March 26, 2020, and continuing through the two week Stay at Home order, the lobby doors to our building will be locked down.

2 Major Tax Law Changes For Individuals In 2019

Most TCJA provisions went into effect in 2018 and apply through 2025 or are permanent, but two major changes affect individuals beginning in 2019: 1) While the TCJA reduced the medical expense deduction threshold from 10% of adjusted gross income to 7.5%, the reduction applies only to 2017 and 2018. So for 2019, the threshold returns to 10%. 2) For divorce agreements executed (or, in some cases, modified) after Dec. 31, 2018, alimony payments won’t be deductible by the payer but will be excluded from the recipient’s taxable income. Contact us for details.