Page 79 - Deductions News Today

We operate in every zip code in america. when the storm -- when hurricane maria hit puerto rico, we had 14 locations where we were already serving people before the storm and as soon as the storm passed we were able to provide meals and shelter for people there and have continued to provide assistance to those who have been devastated by these storms. particularly in puerto rico. >> still the recovery effort there in many ways is just beginning. lieutenant colonel, appreciate you being with us. ...

Eyes of mcconnells allies, in order for mcconnell to control the party and lead it in 2018 and beyond. >> jonathan, theres a report in politico backed up by folks in the orbit of mcconnell, that hes worried about losing both houses in 2018. talk about the nervousness, the multi-level nervousness within the gop. >> theres a lot of nervousness, brian, and it goes beyond normally what you would see in the first midterm of a presidents tenure, which typically, theyre going to lose seats in congress....

Say, youre still going to be. >> is a lot to be optimistic about on that front. >> lauren: what dont you like? with the biggest thing you dont like in the tax reform bill? >> i dont like that theyve gotten away from the itemized deductions and specifically related to salt. state and local taxes, thats going to be limited to $10,000. i dont think its a good thing. particularly for us in the tri-state area of new york. >> lauren: are new yorkers, folks in new jersey, illinois, california, they goi...

Some especially those who are not equipped with lots of deductions would see their taxes increase. thats that kind of debate. i cant speak to what cbs reported. >> this president spoke to servicemen and women. hes been tweeting as well. jim bake who are has been the fbis general counsel is moving to a new position within the fbi. deputy director of the fbi announcing he plans to resign in the next few months. the president tweeting about both of them. what does it say about the way he consumes n...

Going to be lower. you mentioned charitable and thats an easy one to do right away. you got a fever cheery to give money to, consider giving more of a deduction. now the end of the year because tax rates are higher this year and you want to try to take as many deductions as you can against those rates. its not just charitable deductions either. there other expenses that you can try and accelerate. see if you can pay your property taxes or even your local taxes that you might owe to your county o...

17th. that tax return is for 2017, so when do the new rules kick in? january 1st. that will affect your 2018 tax returns, which you will file in april 2019, not april this year, april 2019. but ivanka trump also mentioned relief in february. thats true. thats when the irs will start to adjust taxes on your paycheck withholding less money. trump did later clarify on twitter when someone pointed out her mistake, writing in april americans will be thinking about how cumbersome the old tax code is a...

>> and they have worked on this for a decade at least. and, look, i think one thing that got overlooked in all of this is that when it came down to it, people have focused on some of these big deductions that did get saved in the bill. you know, we still have a mortgage interest deduction, still have the charitable giving deduction, the compromise that they did on s.a.h.t., state and local property taxes. but a lot of junk went away. so in that regard, this was a reform. because with, in the end...

21% from 35%. the tax burden on pass through businesses is lowered with the hope but no guarantee that corporate tax savings will mean more jobs and higher wages. now along the way, concerned corporate tax cuts would come at the expense of teachers rs, students, parents but this final bill keeps deductions for student loans. it keeps a deduction for teacher spending. it doubles the child tax credit and increases how much of that is refundable meaning americans get that money back even if they do...

Live in one of those high tax states, you may try to prepay your property taxes. again, this is for high states like new jersey, new york, illinois, the tax deduction is capped at $10,000 per year. some of those states people pay far more than that. if you prepay this year, you can deduct under the old rules of 2017, but you have to check with your local office to see if they allow it. if they have estimated tax balances that you can try to pay. also defer any income you can to next year for low...

Clinton faced, this either party, you are going to likely face losses in the mid terms. but, this tax cut may mitigate that that may help this president big time. because when chuck schumer says this is not going to trickle down to employees and then a whole bunch of companies like boeing and tat say we are giving out $1,000 bonuses. we may be hiring more people. we are investing in our company. thats exactly what the president promised would happen and which democrats said would not happen. and...