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.

Learn more:https://www.crunchbase.com/person/ted-bauman

AvaTrade Review: Top Benefits it Offers to Traders

AvaTrade was set up in 2006 under the name of AvaFX as an online forex broker based out of Dublin in Ireland. The company offers a wide range of trading services such as Exchange Traded Funds, market indices, bitcoins, equities, commodities, and bonds. It is authorized and a regulated broker that aims to meet the strictest of rules that applies to it. It is designed in such a way that their clients are protected against fraud. The company has also won many business awards in the last ten years that prove their reliability.

In a short period, the company has expanded globally and has more than 200,000 active accounts at any given time. AvaTrade carries out more than 2 million transactions monthly with a total value of $60 billion. All of the services of AvaTrade is client-oriented and has a strong customer service team that is available to their clients during all operational hours. The company has its presence in most of the major cities around the world including Nigeria, Paris, Tokyo, Shanghai, South Africa, Milan and many more.

AvaTrade has been able to gain good reviews from his clients because of the many benefits that they offer. Even for a novice in Forex, AvaTrade is an excellent tool as it can guide them and teach them how to use it to perfection. For those who take paid subscription can get tips from experts in the industries who guide them to make the right decision and to avoid wrong moves. The payment method is transparent, and all the charges for using the service platform are informed beforehand to avoid any confusion. For those correctly using the platform can genuinely benefit from it.

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