About Julie Welch

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So far Julie Welch has created 48 blog entries.

Julie Welch Quoted in The Washington Post on April 4, 2019

Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Thursday in The Washington Post – “Personal Finance” section.  In the article titled "The April 15 tax deadline is close. Why you should file on time.” by Michelle Singletary, Julie answered what has been frustrating people most during this tax season. You can read her quote [...]

By |2019-04-04T13:19:32+00:00April 4th, 2019|General, Tax|Comments Off on Julie Welch Quoted in The Washington Post on April 4, 2019

IRS issues guidance on estate tax Clawback after 2025

Today the IRS issued proposed regulations and a news release providing guidance to individuals who are considering making large gifts to take advantage of the increased gift/estate tax exclusion levels that are effective for 2018 through 2025.  The current exclusion amount is now $11,800,000 but is scheduled to revert to pre-2018 levels after 2025 ($5,000,000 [...]

By |2018-11-20T16:57:25+00:00November 20th, 2018|Tax|Comments Off on IRS issues guidance on estate tax Clawback after 2025

Julie Welch Quoted in the November 7, 2018 USA Today

Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Thursday in USA Today “Business” section article titled “Tax Planning: 6 ways to lower the amount you owe” by Robert Powell. The article discusses ways to cut your tax bill before year end. You can read Julie's quote and the entire article on USA Today website [...]

By |2018-11-08T17:28:03+00:00November 8th, 2018|General, Tax|Comments Off on Julie Welch Quoted in the November 7, 2018 USA Today

Maximize your tax benefits from medical expenses

Tax benefits from medical expenses are available by taking an itemized deduction for medical expenses, using a Flexible Spending Account (FSA) through an employer, or using a Health Savings Account (HSA) for those who have qualified high deductible health insurance.  For the 2018 itemized deduction, only medical expenses more than 7.5% of your adjusted gross [...]

By |2018-10-01T09:46:02+00:00October 1st, 2018|General, Tax|Comments Off on Maximize your tax benefits from medical expenses

Tax Changes Coming to Missouri in 2019

Missouri Governor Mike Parson signed a tax bill into law that primarily takes effect in 2019.  Here are the highlights of the changes: TAX CUT The top individual rate drops from 5.9% to 5.4% beginning in 2019 The top rate can drop by 0.1% for each year that Missouri meets stated revenue targets – eventually [...]

By |2018-07-16T14:49:55+00:00July 16th, 2018|Tax|Comments Off on Tax Changes Coming to Missouri in 2019

$11,180,000 Estate Tax Exemption for 2018

The IRS just announced revised inflation-adjusted amounts for 2018.  As a result of the Tax Cuts and Jobs Act that was enacted December 22, 2107, the IRS had to modify some inflation-adjusted amounts it announced in late 2017.  The new law requires the inflation adjustments to be based on the chained Consumer Price Index for [...]

By |2018-03-02T15:11:59+00:00March 2nd, 2018|Tax|Comments Off on $11,180,000 Estate Tax Exemption for 2018

Recent Developments in Federal Taxes Program

The 40th Annual Recent Developments in Federal Taxes covering many aspects of the new tax law is Saturday, January 27, 2018.  Julie Welch is moderator of the program and will also give the Individual Income Tax Update. Here is a link to the brochure for more information.

By |2018-01-18T15:50:17+00:00January 18th, 2018|Tax|Comments Off on Recent Developments in Federal Taxes Program

President signed legislation – Last moves to consider before 12/31/17

Today the President signed the Tax Cuts and Jobs Act into law – the most sweeping tax reform in three decades.  Most of the changes will go into effect next year (2018) so here are some last minute moves you should consider in the last few days of 2017. INDIVIDUALS Due to the elimination of [...]

By |2017-12-22T13:58:47+00:00December 22nd, 2017|Tax|Comments Off on President signed legislation – Last moves to consider before 12/31/17

Actions to consider before 12/31/17 due to Tax Reform Proposals

Actions to consider before 12/31/17 due to Tax Reform Proposals By Julie A. Welch, CPA, PFP, CFP The Senate narrowly passed its version of the most sweeping tax reform in three decades, “Tax Cuts & Jobs Act,” early Saturday morning December 2, 2017 BY a vote of 51-49.  The House had passed its version in [...]

By |2017-12-15T16:21:26+00:00December 15th, 2017|Tax|Comments Off on Actions to consider before 12/31/17 due to Tax Reform Proposals

Tax Cut Bill Just Released

The House Ways & Means Committee "Tax Cuts & Jobs Act" was just released this morning.  The bill would lower the individual tax rates for low and middle income people to 0%, 12%, 25%, and 35% and retain the 39.6% rate for high-income (over $1 million) people; lower the corporate rate to 20%; and lower [...]

By |2017-11-02T10:21:57+00:00November 2nd, 2017|Tax|Comments Off on Tax Cut Bill Just Released