At Christianson, we often get similar questions from our clients that we feel should be addressed on a larger scale. We believe that the question may be something that is asked universally, and not just in our office. The Child Tax Credit is a topic of discussion, especially now that the recent Tax Reform Bill… Continue Reading
Archives for 2018
Sec. 199A “Grain Glitch” Fix Proposed
Sec. 199A “Grain Glitch” Fix Proposed In January, we announced a change in the Tax Reform Bill that had a very large impact on the agriculture industry, with the heaviest of the impact placed on cooperatives and private grain firms. This change was Sec. 199A. A few weeks after sharing that article, while anxiously anticipating… Continue Reading
Deadline for Retirement Plan Distributions Approaching!
When do I have to Take My My First Retirement Plan Deduction? After you turn 70.5, you typically start receiving the required minimum distributions (RMD) from your retirement plans, individual retirement accounts (IRAs), and from employer-provided retirement plans. If you turned 70.5 in the year 2017, we want to remind you that APRIL 1st is… Continue Reading
IRS Lowers 2018 Family HSA Contribution Limit by $50
The IRS has released a change to HSA contribution limits linked to family coverage for 2018 that will impact anyone with a high-deductible family plan who is making the maximum contribution to their HSA account. What do the HSA Contribution Limits Look Like Now? In 2018, the HSA contribution limit linked to family coverage, which… Continue Reading
IRS Withholding Calculator
IRS Withholding Calculator How well do you know your paycheck and what is being deducted from it? With major changes in 2018 tax laws, the IRS is encouraging taxpayers to do a paycheck double check to ensure you’re having the appropriate amount of taxes withheld. You can do this by simply using their handy Withholding… Continue Reading
199A Coop Deduction – What Do I Do Now?
199A Coop Deduction – What Do I Do Now? In January, we posted about the 199A Deduction Impact on Cooperatives which was announced with the new Tax Reform Bill. It left many wondering “what do we do now?”. Most of the discussion surrounding this new 199A tax law focuses on explaining the effect and how… Continue Reading
