As tax filing season kicks into high gear, things are a little different this year since changes to the tax code implemented in 2018 will now become evident to taxpayers across the country when they go to file their returns prior to the April 15th deadline. Please review the IIS Financial Services 2019 Tax Planning Guide to file your 2018 taxes. You can view our 2018 and 2019 financial data and tax reference charts below:
2018 Financial Data and Tax Reference Chart
2019 Financial Data and Tax Reference Chart
These charts include information about the below items:
- Gift & Estate Tax
- Uniform Lifetime Table
- Single Life "Inherited" Table
- Long Term Care Insurance Qualified Deductions
- Retirement & Education Incentives
- Social Security Benefits
- Federal Income Taxes & Standard Deductions
The 2019 Tax Planning Guide and 2018 Financial Data and Tax Reference Chart contain applicable numbers for the tax year 2018 – in other words, effective January 1, 2018. They are NOT the numbers and rates used to plan for 2019. Those numbers can be found within the 2019 Financial Data and Tax Reference Chart.
If you would like to make a 2018 Traditional IRA, Roth IRA or SEP IRA Contribution before the April 15th deadline, please contact our office by email or phone at 207-761-4733 and we will send you instructions on how to do so.
Hopefully you found this review helpful. Let me emphasize, it is our job to assist you! As always, if you have any questions or concerns about the financial markets, taxes or your own personal financial situation, please contact our office.
Best Regards,
IIS Financial Services Team