Thoughts, as you prepare your 2018 Tax Returns.

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3 weeks 2 days ago - 1 week 3 days ago #33780 by unbeknownst to me
The concept of "withholding taxes” makes us grateful for any refund.

But in the scheme of things "withholding taxes” tend to keep us complacent.

“Withholding taxes” are a relatively new concept for our Republic and should give the thoughtful tax payer pause for thought.

Here's an excellent article , well worth any tax payers time to read..

fee.org/articles/wartime-origins-of-modern-income-tax-withholding/

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1 week 3 days ago - 1 week 3 days ago #34113 by unbeknownst to me
I just did the 2018 income taxes for a friend of mine who doesn't itemize.

To my surprise, the standard deduction is now $12,000
Last year the standard deduction was $6,350

This change in the tax code will allow him to realize over $600 in tax savings. He is quite pleased, since he is currently struggling financially.
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1 week 3 days ago #34114 by joseph
The new Trump tax code has indeed been beneficial for the majority of Americans, including those with financial difficulties as you mentioned regarding your friend.
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1 week 3 days ago #34118 by Chelle
My taxes look like a phone book, by the time they're done-- and my CPA charges me over a thousand bucks to do them.

I sure would love a simplified tax code that enabled even small business owners to do their own taxes.
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1 week 3 days ago #34120 by PEW
Would you release (post) your tax return? ;)
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1 week 3 days ago #34123 by Chelle

PEW wrote: Would you release (post) your tax return? ;)


As soon as I declare my candidacy for president. :)
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1 week 3 days ago #34124 by Chosen

Chelle wrote:

PEW wrote: Would you release (post) your tax return? ;)


As soon as I declare my candidacy for president. :)


Chelle for PRESIDENT!!!
You got our votes Chelle.
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1 week 2 days ago #34151 by joseph

Chelle wrote: My taxes look like a phone book, by the time they're done-- and my CPA charges me over a thousand bucks to do them.

I sure would love a simplified tax code that enabled even small business owners to do their own taxes.


What kind of business do you run?

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1 week 2 days ago #34155 by lexusl21
My vote costs 10 cellnuvo gold

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1 week 1 day ago #34163 by Chelle

joseph wrote:

Chelle wrote: My taxes look like a phone book, by the time they're done-- and my CPA charges me over a thousand bucks to do them.

I sure would love a simplified tax code that enabled even small business owners to do their own taxes.


What kind of business do you run?


We own a retail store.

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