Perspective: It’s time to pay taxes — and, boy, are people steamed about the Trump 'tax cut' bill
By Michelle Singletary Michelle Singletary Personal finance columnist Email Bio Follow Columnist March 7 at 7:51 AM The major overhaul of the tax code wasn’t popular when it passed. And based on the postings of many people on social media, it’s still not well liked.
— Megan D March 3, 2019 With so many changes people have a lot of questions about their tax situation. To help with the confusion, members of the American Institute of Certified Public Accountants answered some common tax questions they’re getting from clients. Q: Since I no longer itemize my deductions, can I still get a tax benefit for my charitable contributions?
A: “It is always important to keep a record of medical expenditures, charitable contributions, property and other tax payments,” says Brooke Salvini, a CPA based in California. “Even though the standard deduction has increased to $12,000 for individuals and $24,000 for married couples, when adding up expenditures at the end of the year you may discover that you’ll itemize when you thought you would take the standard deduction.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. trade deficit hits 10-year high following tax cuts, Trump trade warThe deficit widened in 2018 to $621 billion, bucking President Trump’s pledges to reduce it, as tax cuts boosted demand for imports while the strong dollar and retaliatory tariffs weighed on exports.
Lire la suite »
Perspective | It’s time — high time — to take Fox News’s destructive role in America seriouslyA magazine piece and a debate decision rightly depict the network as more propaganda outlet than news organization.
Lire la suite »
China lowers growth target and cuts taxes as economy slowsChina lowered its goal for economic growth and announced a major tax cut, as policymakers seek to pull off a gradual deceleration while grappling with a debt legacy and the trade standoff with the U.S.
Lire la suite »
China cuts taxes as it warns of 'a hard struggle' aheadThe Chinese government has predicted economic growth of between 6% and 6.5% in 2019. That's a decline from last year's 6.6% rate of expansion, which was already the country’s weakest performance in three decades.
Lire la suite »
China says to collect more profits from state-owned financial institutions amid tax cutsChina's finance minister said on Thursday that the government will collect ...
Lire la suite »
Senators propose bill to extend biodiesel, other expired tax provisionsTwo key senators introduced legislation on Thursday to extend numerous expired t...
Lire la suite »
Stephanie Kelton: Republican tax cuts not 'giant stimulus' despite big price tagStephanie Kelton says the Republican Tax cuts have helped growth but fall short of a 'giant stimulus' despite their $1.9 trillion price tag.
Lire la suite »
![Amazon Paid $0 In Federal Income Taxes Last Year [Infographic]](https://i.headtopics.com/images/2019/3/3/forbes/amazon-paid-0-in-federal-income-taxes-last-year-1101980506093162499.webp?w=640)
Amazon Paid $0 In Federal Income Taxes Last Year [Infographic]Far from paying the statutory 21% income tax rate on its 2018 profit, Amazon actually reported a federal income tax rebate of $129 million. That works out at a tax rate of -1.2%.
Lire la suite »