74 • RU BY, WILD ING & SWANSBURG
#2 | Changes to your deductions. Brackets get most of the attention when it comes to taxes, but they’re not the only way your taxes can rise. Deductions are another popular way the government ca or en t rl ootl ss hoof wd me duuccht iroenvse nf ou re tthhee I Rg oS vcearnn mg eennetr attoe . pAlna dy , twh ietrhe: cerxepdeint ss efso, ra nhda vcihnagr ictha bi llderde no,npa taiyoinnsg. y o u r m o r t g a g e , m e d i c a l Deductions can really impact how much you pay in taxes. Td ehdi nukc ta b$ 2o 0u ,t0i0t 0t h, iysowu aeys:sIef nytoi aul lmy ahkaev e$ 1$0800,,000000 ao yf et aa xr aabnlde c a n income. So, you pay your taxes based on that $80,000. But, next year, Congress changes the rules. Now, you can oinncloymdee,dnuoctt$$8100,0,00000.. Suddenly you have $90,000 of taxable moreDiidn tyaoxuers?bArabcskoelut tcehlayn. ge? Nope! Did you end up paying We saw an elimination and consolidation of some dmeodruecat idojnuss timn et hnet s2i0n1t7h et ayxe raer fsotromc obmi l le, .a n d I b e l i e v e w e ’ l l s e e #3 | New taxes. New taxes, or as I like to call them, “stealth taxes,” are twhaeyws tahvee goofv tehr en mf uetnutr cea. nT ht aexs ey oaurre me sosneenyt.i a l l y n e w , c r e a t i v e Here’s a good example. Ymoauk ed. oTnh’ te rpea’ sy aS loi mc i ai tl , cS ae lcl ue dr i tt yh et a“ xmeas x oi mn uemv etrayx adbollel aera yr no iun g s . ”
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