finanzen.net
12.02.2019 14:32
Bewerten
(0)

The New Federal Tax Rules Will Hurt Some Taxpayers This Year

DRUCKEN

HOUSTON, Feb. 12, 2019 /PRNewswire/ -- Tax filers who were expecting to pay less federal income tax this year may be in for an unpleasant surprise thanks to new regulations, CPA Grapeson Wilson says, "They may find the major portion of their itemized deduction has been wiped away."

"This limit in deductions could force some people to use the standard deduction," says Wilson who just released the new course "Tax Saver Series (Standard vs Itemized) Deductions – 2019" on the learning platform Udemy.

Affected are taxpayers who previously itemized deductions because of property taxes, income taxes and other taxes on their Schedule A form. Under the new rules, their deductions are capped at $10,000.

To illustrate, Wilson says to consider the case of a married taxpayer filing a joint return with $15,000 in property taxes and state income taxes. Based on the old tax rules, this taxpayer would have been able to itemize $28,000. Under the new rules, the taxpayer can only itemize $23,000 provided all other variables remain the same. "This taxpayer may choose to take the standard deduction because it is higher than the itemized deduction," Wilson says.

Despite that, Wilson lauds the new tax reform for the benefits it provides to small- to medium-size businesses that make up a large portion of his client base. "Small-business owners are the backbone of the economy and lawmakers should never forget them," Wilson says. "They work hard. Their phone keeps ringing 24 hours and 7 days a week."

The "Tax Saver" course on Udemy is available for a limited time at $9.99here. Normally $24.99, the course features 44 minutes of video instruction, eight downloadable resources and instructions on maximizing tax deductions. Among the things buyers will learn is how they could be legally eligible for a tax deduction of $12,000 to $24,000 without spending a dime.

Credentials: With more than 20 years of business experience and almost 12 years of U.S. tax and accounting experience, Grapeson Wilson is president of Grapeson M. Wilson CPA LLC, a Houston-based CPA firm whose clients range from solopreneurs to multimillion-dollar corporations. He is the author of the course "Tax Saver Series (Standard Vs Itemized) Deductions." He is a licensed CPA and CGMA in Texas, as well as a member of the Houston CPA Society, Texas Society of Certified Public Accountants, and the American Institute of Certified Public Accountants. He holds masters' degrees in business administration and commerce.

Availability: Based in Houston, Texas; may be available last minute

Media Contact: Grapeson Wilson: 832-675-9400 (office) 281-919-3521 (cell), 209200@email4pr.com; www.CPAsHoustonTX.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/the-new-federal-tax-rules-will-hurt-some-taxpayers-this-year-300793341.html

SOURCE Grapeson Wilson

Anzeige
Anzeige
Börse Stuttgart Anlegerclub

Die richtige Strategie für die Börsenkrise

Stecken Sie nicht den Sand in den Kopf, sondern kaufen Sie die richtigen Aktien. Erfahren Sie im aktuellen Anlegermagazin mehr über attraktive Qualitätsaktien und zyklische Aktien
Kostenfrei registrieren und lesen!

Heute im Fokus

DAX geht fester ins Oster-Wochenende -- Gewinnmitnahmen bei Wirecard-Aktie -- Pinterest-Aktie mit fulminantem Börsendebüt -- Daimler, Senvion, Deutsche Post, OSRAM, Zoom-IPO im Fokus

Apple nimmt zweite Roboter-Linie zum iPhone-Recycling in Betrieb. PUMA-Aktionäre segnen Aktiensplit ab. Samsung nimmt Falt-Handy wegen möglicher Mängel unter die Lupe. 3,4 Milliarden Dollar: Cannabis-Megadeal in Nordamerika eingefädelt. Nestlé: Robuster Start ins neue Geschäftsjahr. US-Versicherer Travelers steigert Gewinn.

Die 5 beliebtesten Top-Rankings

Die beliebtesten Arbeitgeber in Deutschland
Hier gibt es die beliebtesten Jobs
Die zehn größten Kapitalvernichter
Hier wurde am meisten Anlegergeld verbrannt
DIe innovativsten Unternehmen
Diese Unternehmen sind am fortschrittlichsten
Das hat sich geändert
Diese Aktien hat George Soros im Depot
Diese Aktien hat Warren Buffett im Depot
Einige Änderungen unter den Top-Positionen
mehr Top Rankings

Umfrage

Wirtschaftsminister Peter Altmaier (CDU) sieht sich derzeit starker Kritik ausgesetzt. Zu Recht?

Online Brokerage über finanzen.net

finanzen.net Brokerage
Handeln Sie für nur 5 Euro Orderprovision* pro Trade aus der Informationswelt von finanzen.net!

ETF-Sparplan

Oskar ist der einfache und intelligente ETF-Sparplan. Er übernimmt die ETF-Auswahl, ist steuersmart, transparent und kostengünstig.
Zur klassischen Ansicht wechseln
Kontakt - Impressum - Werben - Pressemehr anzeigen
Top News
Beliebte Suchen
DAX 30
Öl
Euro US-Dollar
Bitcoin
Goldpreis
Meistgesucht
Deutsche Bank AG514000
Scout24 AGA12DM8
Daimler AG710000
Wirecard AG747206
Apple Inc.865985
Amazon906866
Allianz840400
TeslaA1CX3T
AMD (Advanced Micro Devices) Inc.863186
BMW AG519000
E.ON SEENAG99
CommerzbankCBK100
adidasA1EWWW
BASFBASF11
PinterestA2PGMG