Archive for January 2019
2019 Tax Changes: What You Need to Know
Historically, approximately 70% of St. Louisans individual tax returns used the standard deduction, while the other 30% found it more beneficial to itemize. For 2018 and beyond, experts have projected that roughly 95% of individual tax returns now will utilize the standard deduction. What does this mean for St. Louis County, Missouri taxpayers? Are you…
Read MoreDivorce Monday and The New Tax Law 2019
Today is known as Divorce Monday, according to a recent survey by the law firm Irwin Mitchell Solicitors, which found that divorce filings jump by nearly one-third following the holidays. Alimony paid will no longer be tax-deductible and alimony received will no longer be taxable income. For decades, alimony — typically paid by men —…
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