Page 66 - Deductions News Today

Back, its basically a vacation. neil: and you say sticker shock. >> and thats what drives the economy. neil: the democrats are blaming the republicans. >> and affected the election and thats why you got the wipe out in new jersey, wipe out in california losing seven republican representatives there. neil: are the republicans still going to be the grinches next year. >> take away the deductions, but youre supposed to cut the tax rates and they didnt do that part of the equation and they paid the ...

And taxes on investors and jobs coming in being. the good thing about the senate remaining in republican hands, they can keep the deregulation up and confirm those-- >> thats probably the single biggest catalyst to the economy and market. >> regulation cost the economy $2 trillion a year, bigger than most economies arounded the world. you start making changes in that, thats why confidence get up and not worried what washington is going to hit you in today. >> and i tell you what see that in apri...

Sweater by the way. tip number one is take advantage of your standard deduction. it has doubled sings last year because of tax reform. its now $12,000 for individuals. $24,000 for married filing jointly. 30% of americans are expected to not itemize this year so you may save yourself a lot of time and effort by just taking the standard deduction. talk to your rah count tantd or look at your accounting tax software hopefully that mr. l. help you make that decision. pete: second is moving money int...

Have medical expenses lets get them in before the end of this year because deductions for medical are not the same next year, we get less benefits. the second thing, if you are getting a divorce, if youre real close you may want to get it done before the end of the year. with the new tax laws you wont get a deduction for alimony payments so depending where you fall you may want to time the divorce at the end of this year or the beginning of next year. todd: it will make new years eve a lot more ...

Up to 20% of a tax deduction. however, the irs has specific rules about who gets the deductions. >> exactly. its not everyone. >> if youre like a service business, a lawyer or in the financial services or whatever. you got to talk with your accountant and make sure you maximize what that is. lesser taxes. more businesses. pass through and corporations. thats number one. number two. lower taxes for individuals. now, not everybody is right. the range of a lot of business people and small business ...

Through the chiefs of staff office. but this president has several lines of communication. he wants to keep this decision a very close to the vest. its going to come from inside the presidents vest, so nobody wants to venture a lot of speculations are on here. that said, there are a couple of candidates who were in the mix right now. one that just surfaces morning, newark incorporateds president randy levine. fox is not independent lee confirming that, and staffers here ive spoken to say they wa...

Rob: and small business tips, a tax return in 2018 by capital equipment and use it. what are your tips for the small businessman? >> meet with your accountant and take advantage of the pass-through deduction or change into the status from a c corporation to an s corporation or make some changes that will affect 2019. the big thing you mentioned, buying e government, you dont have to pay for capital equip and purchase, buy it and get financing at relatively low interest rates, put it into service...

Things that you go through that a lot of guys dont get through. >> you got to put the belief upstairs, some are higher than you. otherwise, its important to continue to ask yourself, how do i live a life of meaning. its by continuing to serve something greater than myself. continuing to serve the men and women who serve his country. that is part of the reason why i founded -- helped found, the american warrior initiative. i have got great people who take payroll true deductions of a company with...

The salt deductions. in orange county at least 40% of taxpayers claim the tax break. meanwhile democratic congressman bill pasqual of new jersey announced they plan to fight to reinstate the full salt deductions. a group of senate democrats have announced a legal challenge of matt whittaker as acting attorney general. they have filed their lawsuit in washington, d.c. they argue the move by the president violates the constitution because whittaker has not been confirmed by the senate. the lawsu...

Healthcare. when you think of what the republicans were hit on. on taking away preexisting conditions. that effects republicans. we were hit the seats we lost new jersey, new york, pennsylvania. we took away the state and local property deductions and our voters used those. those suburban digits it was the leaders wouldnt budge. they made republicans win re-election but they voted against it. john castle and two new york republicans. >> the new jersey republicans lost on that issue. the same we ...