Now that 2020 has arrived and a new decade has started, there are some big changes to the tax-code that you should be aware of. Higher retirement account contribution limits mean that you can contribute more to your retirement funds without experiencing additional taxes. With the individual health mandate being removed- there is now no penalty for those individuals that do not carry health insurance. Finally there are no alimony deductions for new divorcees.
With these recent changes to the tax-code, the professionals at Buseck, Barger, Bleil & Co., Inc. will guide you through your tax returns seamlessly and help you take advantage of these new tax changes.