div > div.group > p:first-child"> The 2018 tax year is the first time taxpayers will file returns under the Tax Cuts and Jobs Act. This overhaul of the tax code doubled the standard deduction, eliminated personal exemptions and curbed itemized deductions.
Before the new law, you were allowed to take this and other miscellaneous itemized deductions to the extent they exceeded 2 percent of your adjusted gross income.4 things you might not know about the new tax lawIn 2016, about 13 million returns claimed these deductions, according to data from the IRS.For instance, the average expense ratio of an actively managed equity mutual fund was 0.76 percent in 2018, according to the Investment Company Institute.
While taxpayers couldn't take a break for fees paid directly from an IRA, they could use other funds to cover the expense and then take the deduction. "The greater the growth in the IRA and the longer the time horizon, the more it would skew you toward taking money from an outside account," said Levine.
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IRS gives even more taxpayers a break on 2018 underpayment penaltiesIf you were short on your 2018 tax withholding, the IRS may be giving you a pass. while I'm glad the irs is fixing trumps screw up, this is just gonna add more to the deficit.
Source: CNBC - 🏆 12. / 72 Read more »
Huawei leads Asian domination of U.N. patent applications in 2018Chinese telecoms giant Huawei led the pack with Asia accounting for more than ha... Dumping hardware and trolling patents China patent system is first to file, btw
Source: Reuters - 🏆 2. / 97 Read more »
Democrats Ask FBI to Probe Woman’s Efforts to Help Chinese Clients Gain Access to Trump EventsTop Democrats asked the FBI to investigate a Florida woman who started a day spa later alleged to be a front for illegal prostitution and who allegedly sought to sell to Chinese citizens access to events with President Trump. But he didn't ask for an investigation into Sen Feinstein who ACTUALLY had a Chinese spy on her payroll for about two decades. I want to know who is paying Schiff. Could it be Russia? China? Mexico? Soros? Some other source? So the well on Russia has gone dry and now he's bored lol, ok
Source: WSJ - 🏆 98. / 63 Read more »
NTSB provides a narrative of 2018 train wreck involving members of CongressOne died and nine were injured after a trash truck evaded barriers at a railroad crossing. This was attempted murder. Everyone here should follow me on Twitter Is this literal or metaphoric?
Source: washingtonpost - 🏆 95. / 72 Read more »
Analysis | Trump’s misleading spin on the 2018 GDP growth rateThe president says the media is manipulating the data, but the president himself is engaging in some cherry-picking to claim a 14-year high. 3.1 GDP,. Under a democrat we would see maybe 1.3 GDP Good. An article about policy!
Source: washingtonpost - 🏆 95. / 72 Read more »
Discovery CEO’s Compensation Tripled in 2018 to $129 MillionDavid Zaslav’s package, which included a major increase in option awards, makes him the highest paid U.S. executive of 2018, as of latest filings. I'll do the job for half that. Dont hate, get paid. Congrats!
Source: WSJ - 🏆 98. / 63 Read more »
Credit Suisse CEO Thiam hauls in 12.7 million Sfr 2018 pay packageCredit Suisse Chief Executive Tidjane Thiam was awarded 12.65 million Swiss fran... hard,smart work =$$$$$$ That’s insane
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China birth rates fall in several regions in 2018: China DailyChina's birth rate in several regions, including the capital Beijing, fell ... That's not good for China. Birth rates are very important for maintaining a stable society, for more workers, for continuing tradition... Meanwhile 1,000,000 Uighur people are reportedly locked in concentration camps.
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AP: Political map-making helped GOP stem losses in 2018AP used the 'efficiency gap' analysis on 2018 election data and found Republicans won about 16 more U.S. House seats than would have been expected based on their average share of votes in congressional districts. Read more: So they cheated. Go figure. So watch out in 2020 National VOTER ID will solve ANY issues you have, right? Trump is with you on this.
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AP: GOP redistricting edge moderated Democrats' 2018 gainsJEFFERSON CITY, Mo. (AP) — Democrats won more votes, regained control of the U.S. House and flipped hundreds of seats in state legislatures during the 2018 elections. It was, by most accounts, a... RedrawtheMaps Thank god, to keep the country sane This I TOTALLY believe.
Source: AP - 🏆 728. / 51 Read more »