In late 2019, Congress made some significant tax changes taking effect in the 2020 tax year that may apply to many retiree taxpayers. The Secure Act of 2019 made changes to Required Minimum Distributions (RMDs) as well as Qualified Charitable Distributions (QCDs) that are worth noting. One of the changes worth mentioning relates to the…

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With the filing season now complete for the 2018 tax year, many taxpayers may have noticed that the standard deduction pretty much doubled. The standard deduction was increased to $24,000 per married couple ($12,000 for single tax payers) with the new TCJA tax legislation beginning in 2018, which in turn created a much lower number of taxpayers…

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