IRS is providing a free webinar on March 28, 2019 on a "Paycheck Checkup." The webinar is scheduled to begin at 2:00 p.m. Eastern Time. A "Paycheck Checkup" is done to check tax withholding using the IRS Withholding Calculator and make necessary adjustments to avoid having too little or too much tax withheld from paychecks.

Due to an error in the state's withholding tables, individuals who normally expect to receive a refund may not receive it and those who normally do not expect a tax bill may end up with one. The following are some of the resources for helping affected taxpayers:

We are currently working on sending out our annual tax organizers. If you would you like yours to be delivered electronically, please give our office a call at (636)530-1040 and ask for Missy or Lauren to assist you.

*Income tax brackets will increase in 2019 to account for inflation *The standard deduction will increase to $12,200 for single filers and $24,400 for married couples filing jointly *There will no longer be a penalty for not having health insurance coverage

The 2019 maximum elective contribution limits have been increased to $19,000 and $25,000 (if over age 50) for 401(k) plans and 403(b) plans. The Simple 401(k) limit up to age 49 is $13,000 and $16,000 for ages 50 and older.

With the signing of The Tax Cuts and Jobs Act into law, there are new limitations on the deductibility of business meals and entertainment expenses. Click for more info: