Consult your tax professional before modifying your strategy ahead of the TCJA adjustments.įMG created this content to provide insights on a topic and is not affiliated with a broker/dealer or investment advisory firm. This social post is for informational purposes only and is not a replacement for real-life advice. Kathleen is related to Walter D Fox and Kathleen Cox as well as 3 additional people. Remember, even if you’re working with a tax professional, you are responsible for correctly filing your financial details. LinkedIn to exchange information, ideas, and opportunities. Preparing your taxes can be complex, and accidental errors can be easy to make. Owner at Cox Financial Group Certified Financial Planner Practitioner Follow me for financial tips, investment strategies, and more. ◾ And the 12% rate is scheduled to revert to 15% Randy works at Rx Savings Solutions as Chief Operating Officer. ◾ The 22% rate is scheduled to revert to 25% View Randy Coxs email address () and phone number. ◾ The 24% rate is scheduled to revert to 28% The Texas company will pay 600 million upfront for the Overland Park health care firm, plus a maximum of 275 million tied to its financial performance in the. ◾ The 37% rate is scheduled to revert to 39.6% The tax rates for individuals and married couples that were reduced in 2017 may revert to their values in 2016. What's scheduled to change according to the Tax Foundation? It also increased the standard deduction to $12,400 for single filers and $24,800 for married filers from $6,500 (single) and $9,550 (married) under the prior code. Known for quickly developing long-lasting relationships with. For example, the top marginal rate went from 39.6 to 37 percent. Healthcare Consulting Leader Accomplished healthcare quality improvement professional with years of proven client-focused ROI success. Integrated the team into the overall product organization to improve quality through. Passed in 2017, the TCJA lowered most individual income tax rates. Led the organization responsible for voice and data pricing strategy. He has incredible integrity, and it shows in everything he does - from. No one likes taxes, and I don't think everyone knows that their taxes may change if the Tax Cuts and Jobs Act of 2017 (TCJA) "sunsets" on December 31, 2025. Sep 2022 - Present10 months Recommendations received Matt Behrend Randy is one of the truest people I've ever worked with.
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