Tag Archives: tax reform

Honkamp Krueger has released its annual year-end tax planning guidance for individuals and businesses. For questions/assistance or to set up a meeting, call 888-556-0123. Individuals Consider accelerating income and delaying deductions. Rates are not anticipated to get any lower in the near future and, if anything, will increase. Members of Congress are pushing to restore

The IRS has expanded the penalty waiver and lowered the key threshold to 80 percent for those whose tax withholding and estimated tax payments fell short in 2018 due to changes made with tax reform. Many individuals may not have properly adjusted their withholding to account for changes made in the Tax Cuts and Jobs