Right about now we are all thinking about filing our 2019 taxes. It’s important to remember though, that the new tax year begins on January 1st and you should be aware of what the new tax year brings.

Certain deductions stayed the same, but standard deductions, income thresholds for tax brackets, certain tax credits, and retirement savings limits increased.

To learn more about what to watch for, read What You Need to Know About Your 2020 Taxes on investopedia.com. You’ll read about:

• Brackets and Rates
• Capital Gains
• Deductions
• Retirement Plans
• Credits
• Health Spending
• Estates and Gifts

Courtesy of Ivestopedia.com
What You Need to Know About Your 2020 Taxes on investopedia.com
By Jeff Stimpson, Updated Nov 14, 2019