The following is a summary of individual tax changes effective in 2018:
The new brackets under the tax act are: 10%, 12%, 22%, 24%, 32%, 35% and 37%.
The deduction for personal exemptions has been suspended for years 2018 through 2025.
The standard deduction was increased as follows:
$24,000 married filing joint or a surviving spouse
$18,000 for head of … Read More ›
Legacy Professionals Partners Bob Cann and Eileen Brassil attended the AICPA Employee Benefits Conference May 15-17 in Las Vegas, NV. The agenda covered updates on audit and tax quality and more.