The Trump Tax Cut: Your Personal Guide to the New Tax Law

by Eva Rosenberg EA

Overview

President Trump’s tax cut reduced taxes by $5 trillion. Now The Trump Tax Cut shows how you can benefit from hundreds of deductions, loopholes and tax secrets. You’ll also read about the “Trump Tax Loophole” that can slash your personal taxes by an additional 20% instantly! That’s if you qualify — and many Americans do. Find more than 200 deductions, write-offs and legal loopholes, including:

• The ALL-NEW change that will instantly help 70% of Americans! Chapter 1 explains how easy it is to cash in.
• Buy a new car up to $40,000 and write it off immediately! See Chapter 2.
• All NEW! Big changes for medical expenses!
• 3 deductions that usually slip right past the IRS. This is Tip #1 for a reason!
• Get the government to help pay your energy bill. Tip #30 is HUGE!
• The most overlooked tax deduction — many accountants don’t even know Tip #5.
• How you can still deduct the mortgage interest on TWO homes! Tip #12.
• ALL NEW! Take $10,000 of distributions from 529s to help cover the cost of home schooling. Tip 184 is a godsend.
• A better way to save for college. Tip #168 could help millions.
• 13 tax no-nos that could trigger an audit. The full list and explanations are yours in chapter 12.
• And 200+ more tips, loopholes and deductions!
• PLUS: 5 Best States to Live in Under the New Law!

Newsmax says "If you want to pay zero taxes, get The Trump Tax Cut. It’s possible!"

Product Details

ISBN-13:	9781630061050
Publisher:	Humanix Books
Publication date:	12/18/2018
Pages:	288
Sales rank:	616,338
Product dimensions:	5.90(w) x 8.90(h) x 0.70(d)

About the Author

Eva Rosenberg, BA, EA, (Northridge, CA) known as the Internet’s TaxMama®, publishes the popular TaxMama®.com website, cited by Consumer Reports magazine as a top tax advice site, and a LIFE Magazine Editors Pick. Dean of TaxMama®’s Online Enrolled Agent Review Course, Eva is training a new breed of tax professionals to pass the annual Internal Revenue Service license examinations. TaxMama®’s tax professionals learn to understand and serve small businesses and accounting firms. Find TaxMama’s® columns at MarketWatch.com and Equifax.com. Eva Rosenberg is regularly featured in publications as diverse as The Wall Street Journal and U.S. News & World Report to Rolling Stone and Women’s Day. TaxMama® is the author of Small Business Taxes Made Easy, named one of the best tax books of 2005 by Entrepreneur Magazine and silver medal winner of the 2011 Axiom Business Awards.

Table of Contents

1 The Tax Cuts and Jobs Act 1

2 Trump's Bold Tax Plan for Business 17

3 Homeownership: What's the Same and What's New 37

4 Tax Credits Around the House 57

5 Putting Your Home to Work 71

6 Auto Deductions 89

7 Medical Deductions 101

8 Charitable Deductions 115

9 Retirement Tax Issues for the Young at Heart 129

10 Long-Term Savings and Retirement Tax Issues for the Actually Young 153

11 Tax Savings for Education 165

12 Tax No-No's 177

13 Adjusting or Itemizing-What's the Difference? 199

14 The IRS Noticed Me! 211

A How to Get the Most Out of This Book 237

B Record-Keeping Tips and Tools That Help Maximize Deductions 243

C Should You Prepare Your Own Tax Return? 253

D Choosing a Tax Professional 265

E Five Best States to Live In 275

Index 277