Tax Guide Update: 2019 Standard Mileage Deductions Issued

The IRS issued 2019 standard mileage deductions for business, charitable, medical or moving purposes, most up from 2018 rates. (The rate per mile driven in service of charitable organizations did not change.) The 2019 rates are: Business Standard Mileage Rate: 58 cents Medical Standard Mileage Rate: 20 cents Moving Standard Mileage Rate: 20 cents Charitable…

 

December AAII Journal Update

  The December 2018 AAII Journal is Now Available Online. COVER ARTICLE The Individual Investor’s Guide to Personal Tax Planning 2018 in Features, Special Features, Tax Strategies By AAII Staff Our annual tax and financial planning guide is designed to help you assess your current tax situation given the new tax law and plan for any…

 

Tax Guide Update: 2018 Kiddie Tax Rates

The “kiddie tax” applies to children up to age 18 and could apply to children up to age 23—depending on how much earned income they have and whether or not they are full-time students. In 2017, children with investment income above a certain amount may have had part or all of their investment income taxed…

 

Tax Guide Update: 2018 Allowable Tax Benefits and Other Tax Items

The 2018 tax information on page 22 of AAII’s Tax Guide has now been updated. This includes allowable tax benefits such as deductions and maximum contributions. Here’s a link to the PDF of this page. Scroll down below the link to read more details about these changes. The changes cover the following: Standard Deduction For…

 

Tax Guide Correction: Medicare Part B Maximum Premium

Medicare.gov posted corrected 2016 income breakpoints for 2018 Medicare Part B monthly premiums. The maximum premium of $428.60 will be paid by those filing joint tax returns whose 2016 modified adjusted gross income (MAGI) is above $320,000 (not $428,000, as originally reported in the AAII Tax Guide). For taxpayers filing as singles, the maximum monthly…

 

Tax Guide Update: 2018 Standard Mileage Deductions Issued

The IRS issued 2018 standard mileage deductions for business, charitable, medical or moving purposes, up from 2017 rates. The final 2017 and 2018 rates are: Standard Mileage Deductions 2017 2018 Business Standard Mileage Rate 53.5 cents 54.5 cents Medical Standard Mileage Rate 17.0 cents 18.0 cents Moving Standard Mileage Rate 17.0 cents 18.0 cents Charitable…

 

Optimism Has Been Low This Year, but Not Unusually So

This week notwithstanding, optimism about the short-term direction of the stock market has been below average for 40 out of 50 weeks this year in our AAII Sentiment Survey. Given this trend, I was curious as to how 2017 compares to the 30 previous years tracked by our survey. So, I updated the historical analysis…

 

The Influence of Perception on the Urge to Trade

Consider this scenario: You are presented with two market environments. In the first, the S&P 500 has risen nearly 10% and is holding onto its gain heading into what should be a good earnings season. In the second, the S&P 500 has not only pulled back, but also closed below its 50-day moving average for…