Julie Pinches, Author at The Hopkins Group

Looking Forward: 2019

Posted on March 27, 2019April 22, 2019 by Julie Pinches

401k contribution limit: will increase by $500 from $18,500 in 2018 to $19,000 in 2019.
Social Security contribution limit: The wage base— the maximum amount of earnings subject to Social Security tax—will rise from $128,400 to $132,900 (3.5%) in 2019.

The Tax Cuts and Jobs Act

Posted on February 20, 2019August 1, 2019 by Julie Pinches

The Tax Cuts and Jobs Act (TCJA) will ultimately impact taxpayers in the upcoming filing season. In 2018, the tax tables were adjusted to reflect the lower rates. However, not everyone will enjoy lower taxes and this adjustment may negatively impact taxpayers when they file their returns, leaving many with a tax bill to pay in April. If you would like us to review your tax withholdings prior to year-end, please contact Liz as soon as possible.