Tax info

I'm studying to for mu Tax-Aide certification and will share useful stuff.

ITNs : Individual Taxpayer Identification Number

ITINs not used in the last 3 consecutive tax years: If an Individual Taxpayer Identification Number (ITIN) was not included on a U.S. federal tax return at least once for tax years 2016, 2017, or 2018, the ITIN will expire on December 31, 2019. Affected taxpayers need to take action to renew if it will be included on a U.S. federal tax return.

ITINs with the middle digits “83,” “84,” “85,” “86,” and “87” will expire: ITINs with middle digits (the fourth and fifth positions) “83,” “84,” “85,” “86,” or “87” will remain in effect until December 31, 2019. Taxpayers with these ITINs need to take action to renew it if it will be included on a U.S. federal tax return filed in 2020.


Alimony

For any divorce or separate maintenance instrument executed after December 31, 2018, (or executed on or before December 31, 2018 and modified after that date if the modification expressly provides that the amendments made by the Tax Cuts and Jobs Act, Section 11051, apply to such modification), alimony and separate maintenance payments are no longer deductible by the payor spouse. Additionally, alimony and separate maintenance payments are no longer included in income by the recipient of the payments.


The medical expense deduction threshold is 10% of adjusted gross income (AGI). The lower 7.5% AGI threshold has expired.

The moving expense deduction is not allowed through 2025 and the exclusion from income of moving expense reimbursements from an employer is also suspended. The only exception is for active military service members who move pursuant to a military order to a new permanent duty station.


Affordable Care Act

Filing thresholds and federal poverty line tables have been adjusted for inflation.

For 2019, the shared responsibility payment (SRP) is zero. Taxpayers who do not have health insurance coverage during 2019 or later do not require an exemption to avoid the SRP.


Kiddie Tax

For 2019, Form 8615 must be filed for certain children who had more than $2,200 of unearned income.