Feb 4, 2019
Today we’re talking about several new tax laws to ensure that you're fully prepared for filing your taxes this year.
Yes, it's that time of year again when everybody is thinking about taxes. Most of us are going through our receipts, getting numbers together, making appointments, and doing all that we need to do to get our tax returns taken care of by April 15th.
Unfortunately, this is one of those instances where if we tend to procrastinate, it really shows. Even though April seems a long way off, it will be here before we know it. So, how do we keep up with new tax laws, make sure that we file accordingly, and get the best return possible?
Financial advisor, Cheri Blair, joins me to share some great tips and insight to help educate us on all that we need to know about big changes in the tax laws for 2018 so that we're fully prepared to properly file our taxes this year.
We Discuss:
- Saying the Right Thing When You Don’t Know What to Say
- Learning how to embrace change and the loss that inevitably comes with it
- Having the right mindset in order to have successful, supportive conversations
- What we can do right now to start preparing for this tax filing season
- A new tax law that has eliminated many beneficial deductions and tax credits
- How the standard deduction has changed and why itemizing may not make sense
- Why the elimination of personal exemptions could mean a significant loss for families
- A new cap on SALT (State and Local Tax) Deduction and how this impacts the middle class
- 12 now-extinct tax deductions that have disappeared this year under the new tax code
For the full show notes visit: www.ChangeItUpRadio.com