Tax Bracket Adjustments for 2018

Tax Bracket Adjustments for 2018

See your new tax bracket under the 2018 reform.   The new law will maintain the same seven tax bracket structure under the 2018  changes. However, the rates and income levels at which they apply have been adjusted.   Compare Sheet  (click to enlarge)   With an increase in the standard deduction the new law eliminates or restricts many itemized deductions. About 30% of taxpayers have itemized deductions because their total itemized deductions were more than the standard deduction. These changes have many concerned because the rates and brackets are instrumental in shaping financial planning strategies. Look at the 2018 changes in tax deductions to see how it will affect your tax filing and read about the changes to the Child Tax Credits & Medical Deductions. read...
Tax Reform in 2018 for Individuals and Businesses

Tax Reform in 2018 for Individuals and Businesses

Tax Reform Changes The dust is settling, and you made it out of another tax season. Trying to capitalize on every write-off you can before the 2018 tax changes go into effect. You feel like you just barely made it through this tax season, and now you are trying to figure out how you will weather the new tax reform.  Don’t worry you still have time put together a Strategic Tax Plan for 2018. Difference in Tax Rates and Brackets   One of the biggest changes in the 2018 tax reform bill involves tax brackets and tax rates. There are still seven tax rates. The rates overall have come down. For individuals, these lower rates are scheduled to expire in 2025 unless congress extends them. To compare the old tax rates and brackets to the new ones click HERE read...
Real Estate Investing for 2018

Real Estate Investing for 2018

Image by Brian Babb New to real estate investing Perhaps you have considered real estate investment, drawn to the idea of generating passive income. Or maybe you already own investment property and would like to add to your portfolio. Regardless of where you fall on the spectrum it’s important to understand not only the real estate market, but also the tax advantages of owning investment property. Making a smart real estate investment will allow you to retire with rental income without overpaying Uncle Sam. When Should I Invest  You may wonder when the right time would be to jump into the market. Well, the time is now. With homeownership rates at their lowest level in 50 years, now might be a good time to explore the opportunity. There are several factors for the shift away from homeownership. The fast rise in home values making them less affordable, and young Americans. The millennials are holding off on life decisions such as marriage and buying a home until later in their life. The resulting trend is that they are staying in rentals well into their 30’s. Renters in the baby boomer generation has also increased. With all these factors in place creates a booming rental market. With renter households growing at a faster rate than owner households, landlords are at an advantage in the rental market. read...

LITTLE KNOWN TAX SECRETS FOR THE SELF-EMPLOYED

LITTLE KNOWN TAX SECRETS FOR THE SELF-EMPLOYED *Note: This blog does not reflect the 2018 tax changes for the self-employed.* CLICK HERE FOR NEW TAX LAWS How would you like to wave goodbye to the mundane nine-to-five and say hello to a liberal schedule and a profitable business? Most people would immediately raise their glasses. But maybe this picture isn’t for you. Maybe you enjoy the order and security of having a full-time job, and are simply seeking an additional stream of income. Whether you’re hoping to start a full-fledged business or start a side business to bring in more money while still keeping your day job, taking a turn for self-employment opens financial opportunities that aren’t available to most people. read...
10 Essential Spring Gardening Tips

10 Essential Spring Gardening Tips

Ten Garden Tips: Follow the 10 tips outlined below for a welcoming garden that’s filled with color and fragrance — and song. 1. Survey the Yard: Make note of tree limbs that should be removed or cabled, especially those that overhang structures. Hire an arborist to maintain large trees.Cut down last year’s perennial foliage, and toss it into the compost pile. Rake mulch from beds planted with bulbs before foliage appears, and refresh mulch in other planting areas after soil warms. Check fences, steps, and pathways for disrepair caused by freezing and thawing. read...
KDAIntroFreeReport

Subscribe To Our Newsletter Today And Receive:

"7 Secrets To Keeping More Money In Your Pocket,"

AND

A Complimentary 30-Minute Tax Strategy Session.

A $397 Value, Yours FREE.

You have Successfully Subscribed!

 

Pin It on Pinterest