Ted Bauman’s Top Tips for Saving Money on the Republican Tax Bill

The Republican tax bill is set to take effect in the beginning of 2018. For those who want to take advantage of the tax bill, there are many ways to do so, as long as you do it before 2018. Ted Bauman explains the top ways to take advantage of the tax plan. Keep in mind that all of these are perfectly legal. Visit Ted Bauman at medium.com to know more

First of all, you should know that the tax plan cuts taxes for 7 tax brackets. However, it really makes a difference when it comes to corporate taxes. Corporate taxes are now down to 21%. In addition, those who hold an LLC can deduct up to 20% of their profits from their personal income taxes. In addition, the deduction will be doubled. However, itemized deductions will be capped for things like property taxes and state taxes. This means that many households will now stick with standard deductions and skip itemized deductions.

There are many ways to take advantage of the tax bill and lower your taxes. First, you can donate the money you want to donate to charity before 2018. You can also prepay your student loans and your property taxes. In addition, you could prepay your mortgage interest. Buying a car before 2018 would have put the car on the 2017 tax year. Read more at banyanhill.com to know more on Ted Bauman

However, the tax plan will cause some people to lose money. People who are earning a certain amount of money will lose out, especially if they live in states with high property taxes and state taxes. Remember that these kinds of taxes are capped at 10,000 dollars in regards to their deductions. If someone pays a lot of taxes to their state, then they will not be able to deduct them on the federal level. This affects people who live in states like California and New York, which have high property taxes. Many people in those states are extremely dissatisfied with the tax bill as it is being presented right now. They feel it is not fair.

Ted Bauman is the editor of the Bauman Letter at Banyan Hill Publishing. He is an experienced financial journalist.

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Bitcoin: 21st Century Investing

Cryptocurrency has become a worldwide phenomenon in the past few months. People in today’s society are scrambling around and have been naïve to the benefits of this digital currency. Bitcoin just so happens to be the more popular form of cryptocurrency, and its growth rate can potentially lace your pockets with cold, hard cash. Though Bitcoin is booming in present time, the digital currency has been around for quite a few years. Its stock has risen from $900 to $16,000 in under 12 months. Expedia, Overstock and other retailors are now beginning to accept the currency on a consistent basis. As of today, China hosts the most Bitcoin transactions.

If you’re planning on joining this phenomenon, then you should invest with a trusted investment firm. The Oxford Club is one of the top investment firms that specializes in bonds, cryptocurrency, equity, real estate, precious metals, funds and collectibles. Some of the top investors and entrepreneurs can be found here. The idea is to create longer-lasting wealth and with the firm’s time-tested investment system, you can build an extraordinary financial portfolio. Now would be a great time to get in on this cryptocurrency rush. Future projections for Bitcoin and other digital currencies are extremely high. People who are seeking long-term financial solutions should seriously consider investing. For those who may be on a budget, you can invest the minimum amount of capital.

High risks can yield high returns, but this is an investment opportunity and there is always going to be a risk. This is why working with a trusted team of experts is so vital. Bitcoin can be great for short-term as well as long-term investments. All in all, the cards are laid out on the table, but it’s up to you to decide what your future could potentially be.