Tom Meaglia, ChFC®

Chartered Financial Consultant


Investment Advisor Representative

CA Insurance Lic. #0567507

Meaglia Financial Consulting

2105 Foothill Blvd., #B140, La Verne, CA 91750

Toll Free: 800-386-3700

Bus: 909-593-6105

Cell: 818-681-8600

Fax: 909-593-6120



January/February 2019

Major 2018 Tax Changes

Article Image

As the New Year begins, tax filing time beckons. This year brings new federal tax regulations, so you’ll want to know what deductions and credits are available to you. Consider these tax features:

Lower Rates
Tax rates are lower and brackets expanded for most taxpayers. Check with your tax professional to learn how this affects you.

Bigger Standard Deduction
This deduction almost doubled for most taxpayers. If you’re married and filing jointly, you will see the standard deduction rise to $24,000. Single taxpayers have a $12,000 standard deduction.

Personal Exemptions Gone
If you have many dependents, you might miss the personal exemption, which is now history.

Fewer and Lower Deductions
Taxpayers in high-tax states won’t like the state and local tax (SALT) cap of $10,000 on combined local income and property tax deductions. Mortgage interest and the child tax credit are two other areas of change.

Retirement Account Breaks Live On
It’s good news that the deduction for qualified retirement plan contributions and tax-deferral of growth of most retirement accounts continue. IRAs and 401(k) plans are two good ways to find current and future tax advantages.


Enter your Name and Email address to get
the newsletter delivered to your inbox every month.


Enter your Name, Email Address and a short message. We'll respond to you as soon as possible.

Investment advisory services offered through Fusion Capital Management, an SEC Registered Investment Advisor. 9111 Cypress Waters Blvd., Ste 140, Dallas, TX 75019.
Meaglia Financial Consulting and LTM Marketing Specialists LLC are unrelated companies. This publication was prepared for the publication’s provider by LTM Client Marketing, an unrelated third party. Articles are not written or produced by the named representative.

The information and opinions contained in this web site are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the published information. This web site is published with the understanding that it does not render legal, accounting, financial, or other professional advice. Whole or partial reproduction of this web site is forbidden without the written permission of the publisher.