The government's new tax plan might threaten seniors. The AARP is raising some serious concerns about how Trump's tax reform can lead to millions of seniors facing tax increases in the near future. They've also mentioned other provisions that might harm the elderly. Are you confused about Trump's new tax bill? Then read our article below. The New GOP Tax Plan: How Seniors Will … [Read more...]
Trump’s New Tax Bill Simplified: How Will It Affect Your Income Tax In 2018?
With a new administration sitting on the most powerful seat in the world, Trump’s new tax bill has many people wondering exactly what that means for their income tax in 2018. If you’re one of those people, here’s the skinny on the new tax bill and what it means for you. Trump's New Tax Bill: How Will It Affect You? An Overview First and foremost, note that the new … [Read more...]
5 Possible IRS Tax Benefits Adjustments in 2018
All taxpaying citizens have the civic responsibility to know all about tax benefits adjustments. And so everyone has to know that the government has made inflation adjustments for the tax year 2018. The Internal Revenue Service (IRS) announced more than 50 revisions in the tax rules, which include tax charges and rate schedules. USA Today identified five tax adjustment examples … [Read more...]
Republicans Solve Tax Math Problem by Raising Rates for Everyone
Sacrifice the middle class — this is how Republicans solved their tax math problem. In an attempt to correct their tax bill, the G.O.P.'s new plan turns to increase rates for everyone except corporate America. Their attempt to comply with the Byrd rule only leaves their bill with more loopholes. Find out more about this news from The Vanity Fair below. G.O.P's Tax Math … [Read more...]
5 Mistakes To Avoid When Filing Taxes
There are mistakes you cannot afford when filing taxes. Whether you are doing it manually or through electronic filing taxes, these are important points you have to remember to avoid penalties. U.S. News details the whole report. Filing Taxes and the 5 Mistakes You Have to Avoid Sure, for plenty of individuals, if taxes come out of your paycheck, and you don't have much … [Read more...]