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Livestock Owners Reminded of Tax Break Due to Drought

While some parts of the U.S. will be glad to see sunny skies, other areas remain in a drought situation. Parts of the far west, Texas, the south and Alaska and Hawaii—even parts of Puerto Rico—are dealing with officially declared drought conditions, according to the Department of Agriculture.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

401(k) Contribution Limit Edges Up for 2020

The Internal Revenue Service has released cost-of-living adjustments for tax year 2020 covering dollar limitations for pension plans and other retirement-related items.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Tax Year 2020 Annual Inflation Adjustments Revealed by IRS

A recent Internal Revenue Service press release revealed the tax year 2020 annual inflation adjustments, which affect a number of tax items, including marginal tax rates, the Alternative Minimum Tax, the Earned Income Credit, and more.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

It’s Time to Get Ready for Taxes

In a matter of weeks the 2020 filing season will be underway. To help ensure that taxpayers don’t get caught unprepared, the IRS is recommending everyone to act now to avoid any tax-time surprises and ensure smooth processing of 2019 tax returns.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…