2019 IRS Tax Changes

Posted on September 20, 2019December 6, 2019Categories Articles

Tax Reform Provisions that Affect Individuals Standard Deduction Amount Increased For 2019, those who are married and filing jointly will have a standard deduction of $24,400. Single taxpayers and those who are married, and file separately now have a $12,200 standard deduction. For heads of households, the deduction will be $18,350 Insurance Penalty The penalty for not having health insurance no longer applies for 2019 federal tax returns. However, some states have their own individual health insurance mandate, requiring you … Continue reading “2019 IRS Tax Changes”