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From the Headlines to your Bottom Line

IRS Ups the Ante on Retirement Contributions

Did you know that you will be able to contribute more to your 401(k), IRA and other types of qualified retirement accounts in 2019? The IRS recently published annual cost-of-living adjustments to these accounts. Many limits have increased, including the amount you're allowed to contribute to a traditional IRA account, which last increased in 2013. Here's what you should know.
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4 Year-End Strategies to Lower Your Personal Tax Bill

Have you thought about your personal tax situation for 2018? In addition to reviewing the adequacy of your payroll withholdings and estimated tax payments, there's still time to employ some tax-savvy moves that could potentially decrease this year's tax bill. Tax reform legislation has changed the rules of the game, so it's important to discuss end-of-year strategies with your tax advisor as soon as possible.
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Are You Eligible for the New Dependent Credit and HOH Filing Status?

The IRS recently clarified who's eligible for the new $500 tax credit for dependents who aren't qualifying children under age 17, as well as how much income those individuals can earn each year without negating the credit. The income test is also relevant if you're unmarried and want to use the beneficial head of household (HOH) filing status. Here are the details.
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How We Add Up

"Our clients rely on Fust Charles Chambers to provide innovative thinking by anticipating changes in tax laws, accounting methods and industry and economic trends. At other times, our clients depend on us to act as a sounding board for their ideas and concerns. We’re proud to be part of our clients’ team with the purpose of assisting them in attaining their goals and objectives."

- Joseph L. Charles, Partner