More Tax Legislation!
- Paul Freidel, CPA
- Dec 20, 2019
- 1 min read
Updated: Jul 29, 2024
December 20, 2019
As if we didn’t have enough change over the last few years, it appears that we will imminently have yet more legislation that will make changes to our tax laws. As of this writing, Congress has passed budget legislation that has tax provisions wrapped into it, and the President is expected to sign.
Key provisions include:
“Tax Extenders” - these are the various credit and deduction preferences that are perennially renewed by Congress
The “SECURE” act, which makes many changes to IRAs and 401(k) plans
Disaster relief for federally declared disaster areas in 2018 and 2019
Repeal of certain “Obamacare” taxes on high cost insurance and medical devices
Please contact us if you have any questions on how this may apply to you.
