News

$2 trillion emergency relief package signed into law March 27, 2020.

The IRS was already struggling to meet taxpayer needs before the Tax Cuts and Jobs Act (tax reform). How will they respond now? The Taxpayer Advocate released a report outlining some of the issues and proposed solutions in a direct report to Congress.

With the recent passage of tax reform, we've had many questions about what actions to take before year-end. These tax planning bullet points may be helpful. As always, contact us to confirm that these planning ideas are appropriate for you.

2018 Medicare Part B premium income thresholds were updated on Medicare.gov. The standard monthly Part B premium in 2018 will remain $134 (or higher, depending on your income). In 2017, most Medicare beneficiaries who received Social Security benefits paid a lower monthly premium ($109, on average). However, this is likely to change in 2018.