Frequently Asked Questions
Where’s my refund? - Follow this link to the IRS website. Have a copy of your tax return available when accessing. https://www.irs.gov/refunds
What are my HSA contributions? – An individual is eligible to establish an HSA in any month if: (1) he or she is covered by high-deductible health plan (HDHP) on the first day of the month; (2) is generally not covered by any other health plan or enrolled in Medicare; and (3) cannot be claimed as a dependent on another taxpayer’s return (Code Sec. 223 ©(1)). The maximum amount that can be contributed for 2019 is $3,500.00 for self-only coverage or $7,000.00 for family coverage. The contribution limit is increased $1,000.00 if the individual reaches age 55 by the end of the tax year.
What are the 2019 standard mileage rates? – IRS Releases 2019 Standard Mileage Rates – the Internal Revenue Service (IRS) released Notice 2019-02 providing the 2019 standard mileage rates. Beginning January 1, 2019, the standard mileage rates for the use of a car (vans, pickups or panel trucks) will be:
58 cents per mile for business miles driven, up from 54.5 cents for 2018
20 cents per mile driven for medical or moving purposes, up from 18 cents for 2018
14 cents per mile driven in service of charitable organizations, unchanged from 2018
What are the elective deferrals to 401(k) plans? – $19,000 in 2019 ($18,500 in 2018), plus $6,000 in 2015 - 2019 if the employee is age 50 or older, (IRC Sections 402(g) and 414(v))
What is a Simple IRA? – Employee Contributions. The amount an employee contributes from their salary to a SIMPLE IRA cannot exceed $13,000 in 2019. If an employee participates in any other employer plan during the year and has elective salary reductions under those plans, the total amount of the salary reduction contributions that an employee can make to all the plans he or she participates in is limited to $19,000 in 2019 ($18,500 in 2018). See more than one plan. Catch-up contributions. If permitted by the SIMPLE IRA plan, participants who are age 50 or over at the end of the calendar year can also make catch-up contributions. The catch-up contribution limit for SIMPLE IRA plans is $3,000 in 2015 - 2019.
How do I pay my taxes?– The IRS allows payment of taxes with your bank for free, or choose an approved payment processor to pay by credit or debit card for a fee. https://www.irs.gov/payments
Is there a payment plan? - Can’t pay your outstanding balance due on your tax return? The IRS offers payment plans on their website. https://www.irs.gov/payments/online-payment-agreement-application
The Taxpayer Road Map for 2019 - https://taxpayeradvocate.irs.gov/roadmap