The suspense is over — if you can keep track of all the new rules, that is, and of course only until Congress decides to change something else. The IRS has issued tax year 2019 inflation adjustments for more than 60 tax provisions, including tax rate schedules. You can find the exhaustive list in Revenue Procedure 2018-57, but below is a sampling of what awaits tax filers come April 15, 2020. Related: How the next tax law impacts 5 types of advisors Deductions and exemptions are generally high on everyone's list, but there are plenty of other important categories to check out — preferably when it's still early enough to plan to use them to greatest advantage (or least damage). Check out the gallery above for 10 of the changes. READ MORE: How retirees could be affected by the new tax law 10 sectors with highest effective tax rate before new tax law 4 new challenges created for employers by the new tax act
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
