Four Score and Seven Years of Tax Reform

In early June, Tim and I had the opportunity to attend a two – day conference on farm income tax and estate planning out in Shippensburg, Pennsylvania, which is approximately 30 miles west of Gettysburg.  At the forefront of tax law for 2018 will be the Tax Cuts and Jobs Act.  Or as it is… Read More

Section 529 College Savings Plans – Are they worth the hassle?

529 plans became popular years and years ago. For many parents (and grandparents/others too!), they’re a great way to save back some tuition money for kids, in preparation for that ever increasing college cost. 529 plans grow tax free, and when the money is taken out of the account for higher education purposes, it is… Read More

2018 W-4 Has Arrived

The Internal Revenue Service has released the updated Form W-4 (here) for 2018. Along with the W-4, they have released an updated Withholding Calculator to help taxpayers check their 2018 tax withholding following the Tax Cuts and Jobs Act that was passed in December 2017. Changes to the tax law were made with the Tax Cuts… Read More

New Payroll Withholding Tables Released

The Internal Revenue Service has released updates to the income tax withholding tables for 2018 which reflect the changes made by the recent tax reform. Their goal was to design the new withholding tables to work with the Form W-4’s that employees have already filed with their employers. The new payroll withholding tables can be… Read More