-by Debbie Schmachtenberger

2019 Personal Compensation Worksheets

New cost-of-living tables come out in January.  There will some changes in the field COLAs for 2019, but there are several areas where the COLA may remain the same.

The IRS has declared a 2.8% increase in the US cost-of-living for 2019.  The yearly baseline compensation amount will increase to $28,317 for a couple and $21,238 for a single.

There will not be any other changes to the PCW for 2019.

1099 Forms for 2018

The 1099 forms for 2018 will be completed no later than January 31, 2019. Please be patient as it takes time to complete the process of preparing the 1099 information. If applicable, please be sure we have your correct tax preparer information.

1. If we have a tax preparer on file for you, a copy of the 1099 information will be sent to your tax preparer and a copy will also be sent to you.  Your copy will be included in the first mail packet sent after the 1099s are completed.
2. If we do not have a tax preparer on file for you, your 1099 information will be mailed First Class no later than January 31, 2019.