May 14, 2020

2020 Tax Facts – 2 Year Comparison

CD Tax & Financial For Your Business, Individual Tax alternative minimum tax, contributions, HSA contributions, IRA, retirement plan, social security earnings, standard deductions, tax changes, tax laws

2020 Tax Facts – 2 Year Comparison. Here’s is a quick review of some of the tax changes you’ll see from 2019 to 2020 as a result of inflation adjustments and new tax laws. Provision 2019 2020 Business equipment Sec. 179 expensing deduction $1,020,000 $1,040,000 Total purchase limit for full Sec. 179 expensing deduction $2,550,000 […]