You finally finished your taxes and are learning – for better or worse – the ins and outs of the new law. But wait, the law isn’t done with you. There’s another complication coming out later this year: The Internal Revenue Service is changing how you adjust your paycheck withholdings, and early indicators show it won’t be easy….
IRA Deductibility and the TCJA – Status Quo
As April 15, tax day, looms, many individuals rush to squeak in an IRA contribution for the 2018 tax year…. One question that looms large this year, however, is whether changes to the tax code, which are expected to lead to many fewer taxpayers claiming itemized deductions versus claiming the standard deduction starting in 2018, affect the deductibility of those IRA contributions….