Those Who Pay the Most, Save the Most
In this episode, KT and George discuss:
Tax changes and its effect on high earnersUnreimbursed expenses from homeUpcoming changes of alimonyThings that have changed/have not changed
Key Takeaways:
Phase out of the itemized deductions means a lot of what people think they lost in the tax changes might have been dramatically reduced before the billIf someone is making over $250,000 taxable income (married or joint), they'll be in the 33% bracketThere have been no real changes in capital gains taxes"Those that pay the most under these [tax] changes will save the most… those who pay the least, have the least amount to get back." - KT Thomas
Reach Me Here: KT Thomas
Connect with KT Thomas: https://ktsmoneymatters.com/
Purchase KT's book- The Hardworking Woman's Guide to Money
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