The
IRS has just released the COLA and inflation adjusted numbers for the Form 1040
for tax year 2020 – tax rates, Standard Deduction amounts, pension contribution
limits, etc, etc, etc. These are the numbers that will be used on the 2020 Form 1040 that you will file in 2021.
As
I do each year, I have created a special report of WHAT’S NEW FOR 2020 with
these numbers - for use in your year-end 2019 and year-round 2020 tax planning. The only numbers not included in this report
are the 2020 standard mileage allowance amounts, as they have not yet been
announced.
My
compilation is available, send as a pdf email attachment, for only $1.00. A revised report will be sent in the same
manner when the standard mileage allowance rates are announced.
The
first 50 to order the 2020 compilation will also be send my WHAT’S NEW FOR 2019
report.
Send
your check or money order payable to TAXES AND ACCOUNTING, INC to –
TAXES
AND ACCOUNTING, INC
WHAT’S
NEW FOR 2020
POST
OFFICE BOX A
HAWLEY
PA 18428
TTFN
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