It’s Not Too Late to Bring Down Your Tax Bill

Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in CNBC's Grow.Acorns.com "It's Not Too Late to Bring Down Your Tax Bill From 2018 - Here's How" written by Sam Becker.  The article outlines the last-minute technique of contributing to an Individual Retirement Account. You can read her quotes and the entire article on CNBC's [...]

By |2019-04-11T11:34:43+00:00April 11th, 2019|General, Tax|Comments Off on It’s Not Too Late to Bring Down Your Tax Bill

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

How to Use The New Tax Law to Cut Your Tax Bill

Meara Welch Browne’s Tax Partner, Julie Welch, was quoted in "How to Use The New Tax Law to Cut Your Tax Bill" written by Robert Powell and published in TheStreet.  The article outlines opportunities for those saving for retirement to cut their tax bill this year and in years to come. You can read her [...]

By |2019-03-07T15:43:13+00:00March 7th, 2019|General, Tax|Comments Off on How to Use The New Tax Law to Cut Your Tax Bill

Julie Welch Quoted Twice in the February, 2019 The New York Times

Meara Welch Browne’s Tax Partner, Julie Welch, was quoted Sunday in The New York Times – “Business” section in two articles.  The first was titled "The 8 Most Common 2019 Tax Return Questions, Answered by Experts” by Ron Lieber and Tara Siegel-Bernard.  The second was titled "Smaller Tax Refunds Surprise Those Expecting More Relief" by [...]

By |2019-02-14T14:08:59+00:00February 14th, 2019|General, Tax|Comments Off on Julie Welch Quoted Twice in the February, 2019 The New York Times

Julie Welch was interviewed on CNBC

Meara Welch Browne’s Tax Partner, Julie Welch, along with Ed Slott, president of Ed Slott & Company, were interviewed on CNBC's Squawk Alley about the tax benefits of selling stocks before the end of the year. You can view CNBC's interview at the following link: https://www.cnbc.com/video/2018/12/27/tax-experts-nows-the-time-to-sell-stocks-claim-losses.html

By |2018-12-31T09:58:47+00:00December 31st, 2018|General, Tax|Comments Off on Julie Welch was interviewed on CNBC

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