Neil &  Company CPAs, PC

A Professional Corporation

1184 North 15th Street, Bozeman, MT 59715


Phone: 406-587-9239


December 2019

There's Still Time

Insights and Tips

Individuals have a few tax breaks to explore, too. The IRS disallows many deductions if you take the standard deduction, but not all, for 2019. For example, you can deduct some expenses related to self-employment if you’re self-employed. Student loan interest and college tuition and fees may also be deductible. Talk to your tax professional to learn about the specifics.

If You Itemize

If your deductions are greater than the standard deduction of $12,200 for single and married taxpayers filing separately or $24,400 for those filing jointly, consider itemizing them. This means you may subtract qualified charitable donations, medical expenses over 10% of your adjusted gross income, classroom supplies of up to $250 if you are a teacher, mortgage interest and gambling losses. You may also want to delay income and pay expenses in 2019 if you expect to earn more than in 2020.


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.

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.