Signed into law as of today.
A number of companies like AT&T and Fifth Third Bank were in the news giving out $1k Christmas bonuses to their employees on account of the corporate tax reform. Wells Fargo already opened a new account for you with a $1k Christmas bonus in it, but you’ll have to come and open another one to get it ;).
Haha, I’ll take a thousand of these today. I’ll even go down myself to where they have branches to collect!
On another note, corp taxation moved to territorial. And that’s the case for personal returns as well. Not liking the business taxation qualifier, however.
The Tax Cuts and Jobs Act would reform both individual income and corporate income taxes and would move the United States to a territorial system of business taxation.
[quote=“meed18, post:706, topic:1661, full:true”]
Oops. My fault, I meant to say, “they don’t talk about age of children.” A child over the age of 17 is often claimed as a dependent for several years after the child tax credit expires so just saying “X children” isn’t enough detail.[/quote]
No. No. No.
When discussing tax policy, in this context, it’s about dependents. So you could be married with ten children, but only two are still dependents, so you would be listed as: Married, two children. You don’t need to know any ages, as if listed, they’re dependents.
Because one can assume an extremely high percentage of those earning over $100K annually would have been itemizing.
It’s never happened.
How would you “debunk” history ?
Remind me, how many pipelines leaked large quantities of oil, just in 2017 ?
[quote=“xerty, post:707, topic:1661, full:true”]
A number of companies like AT&T and Fifth Third Bank were in the news giving out $1k Christmas bonuses to their employees on account of the corporate tax reform. Wells Fargo already opened a new account for you with a $1k Christmas bonus in it, but you’ll have to come and open another one to get it ;).[/quote]
Gee, it’s not like they have matters in front of the DOJ or nuthin’.
Loopholes, Tax Dodges, and Schemes, Oh My !
As unamerican as social security, medicare, and free primary education, yes?
I believe that your beliefs are unreasonable.
So many arguments, this one included, boil down to people assuming things that aren’t true. If you live in a LCOL area, have no mortgage, no medical expenses, then no. There’s not much of anything to itemize.
I will itemize in 2017 but not in 2018. So these are the action items I’m taking this week:
Joe is right on this one. Your example profile might not itemize, but on average there aren’t too many of those. Here are some summaries based on the IRS data from 2013 and 2014 for itemizers.
Some general observations:
Apparently, I need to look for more unreimbursed business expenses.
It was just over 80% in 2015. https://www.irs.gov/pub/irs-soi/15in12ms.xls (this is a link to a file that will download fyi).
Sorry, I can’t read the file in your link. I don’t have Microsoft Office on my computer. They want me to sign in and set it up to read the file. Otherwise, they’re blocking most of it.
Well, I guess I’m happy to be in the 20% that don’t itemize then. I’ll concede that Joe is right, as 80% is an “extremely high percentage”.
Only reason I linked it is as a primary source backup for my statement - no real need to open it. If you can’t open it, just take my word for the fact that I know how to sum up rows in excel ;). If you really want to see it, maybe try right-click save-link-as and see if you can open it with some other program.
OT, but… If you dont want to pay, you should uninstall anything microsoft office related and install Libre Office. Its free and almost fully compatible.
I have Open Office on my computer. Thanks for the recommendation though. I’ve read that some like Libre Office better, but they don’t specify why.
It’s a branch of the same tree, but I think libreoffice progressed farther and has more people contributing. I also like the graphical interface a little better. You should be ab!e to open docx in openoffice as well.
I’ve been able to open Microsoft files in Open Office when I have Open Office running and open the file from within it. It doesn’t work anymore when clicking on an old Microsoft file in the file list with my new computer.
I used to have Open Office set as the default to open Microsoft files, but I think Microsoft made a change and it no longer works unless you agree to subscribe to Microsoft. If you didn’t agree, then the file got closed down. After I got my new computer earlier this year, I opened up all the Microsoft files from within Open Office and saved them in Open Office format and deleted the Microsoft formats.
When I download the file linked to by @Full_Disclosure above, Microsoft has a window that blocks about 6 rows of the spreadsheet. When I click “No” (that I don’t want Excel to choose the files to open), then I get a Microsoft window that blocks all the rows of the spreadsheet. They want me to sign in or create an account. When I click that I don’t want to sign in or create an account, another window that blocks the spreadsheet asks me for a product key, which I don’t have. Then another spreadsheet-blocking window asks me to accept the license agreement with tiny print that says something about automatic updates for the product, which I really don’t want. So, I close that intrusive window out and the file closes, with me being unable to read any of it, as I said above. There is no ability to “right-click save-link-as” to open it in another program. When I try, I just get an annoying error tone and nothing happens. I have to go through the procedure I just mentioned to force Microsoft to close it. Clicking “X” in the corner, clicking “File” in the menu, nothing will close it.
If I created a Microsoft account and accepted the license agreement, it would allow me access for a day. After that, I’d have to pay to be able to read Microsoft files in the future. Not worth it. But yes, my older computers had versions of Microsoft Office that were free with basic features and wouldn’t have made you pay up to read an Excel file.
Cliffs;
gwraigty doesn’t know how to operate windows.
Who were trained with public money… Yawn. This is a perversion of the idea that the free hand reigns.
Troll for sure.