Tax-Related Updates for 2020

CHANGES TO FEDERAL TAX BRACKETS1 As expected, the IRS has adjusted the 2020 tax brackets based on inflation.  They are as follows: Tax RateSingleMarried, filing jointly Head of Household 10%0 to $9,8750 to $19,7500 to $14,100 12%$9,876 to $40,125$19,751 to $80,250$14,101 to $53,700 22%$40,126 to $85,525$80,251 to $171,050$53,701 to $85,500 24%$85,526 to $163,300$171,051 to $326,600$85,501 …
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in: Minich MacGregor Missive, News · tagged: , ,

Operation Valentine

To some people, the practice of exchanging valentines is great for children in elementary school, but it’s hardly something for adults.  Right? Well, one of the toughest, most resilient men you’ll ever meet doesn’t think that valentines are silly.  And he should know – after all, he just received over 20,000 of them.1   The …
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in: Minich MacGregor Missive, News

Coronavirus 2020

By now, you’ve probably heard about the coronavirus outbreak in the Chinese city of Wuhan.  As of this writing, there have been about 2,900 confirmed cases, with over 80 deaths.1  Most cases have been within China itself, but the virus has spread to a small number of individuals in over fifteen countries.   As you …
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in: Minich MacGregor Missive, News

Aesop on Finance: A Dog and His Reflection

As you know, this is a time of year when many people make New Year’s resolutions.  Lose weight, stop smoking, save more, learn a new skill, get more sleep, visit a new place, get finances in order, etc.  You name it, chances are, someone has resolved to do it. As financial advisors, people often come …
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in: Minich MacGregor Missive, News · tagged: ,