Tax Breaks

GOP Tax Plan Calculator

How will the Trump tax plan change YOUR taxes? Will the GOP tax plan lower your taxes or raise them?  The House and Senate are expected to pass the final version of the tax bill this week.  Polling shows that most Americans don't expect the bill to benefit them.  With this calculator, find out if that’s the case. The calculator doesn’t incorporate every provision of the new tax code, but enough to make an educated guess.

Click below to get a simple estimate of your tax cut or hike.  

12 Tips to Cut Your Tax Bill

Aside from earning less – which probably isn’t a great alternative – the best way to lower your tax bill is to make sure you claim all of the deductions and credits you deserve.  

Filing your tax return is a once-a-year event but trimming your tax bill is something you can do right now.

Here are several easy moves many people can make to cut their tax bills. 

 

Tax Breaks for People Over 50

Turning 50 means more tax benefits. Growing older qualifies you for a variety of tax perks that aren't available to younger workers.  After age 50, and especially at age 65, you can qualify for extra tax breaks. Older people get a bigger standard deduction, and they can earn more before they have to file a tax return at all.  

Click below to learn about some ways to save money on taxes as you age.