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Blogger Profile


Kay Bell

Blog Info

Name:
Don't Mess With Taxes
Category:
General Finance
Tags:
Taxes, Politics
Start Year:
2005

Blogger Bio

Net worth:
$2,000,000.00
Location:
Austin, Texas, United States
Age:
60+
Race:
White
Gender:
Female
Life stage:
RETIRED
Profession:
Writer
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Latest Blog Posts

Packed and ready to hit the road this Memorial Day weekend! Memorial Day weekend is the unofficial start of summer and apparently we are ready for the lazy, hazy season. AAA says that travel during this long holiday weekend is expected to be at near-record levels. And it actually began on Thursday. More than 41.5 million Americans will travel this Memorial Day weekend, according to AAA. That's nearly 5 percent ...
Posted: May 25 2018 @ 2:10 PM
A tropical system off of Mexico's Yucatan peninsula is expected to move north over the Memorial Day weekend. (The Weather Channel screenshot) The 2018 tropical storm season has arrived a bit early. Officially, the Atlantic (and Gulf of Mexico) hurricane season doesn't start each year until June 1. But the weather gods operate on their own schedules, so we often get early forming storms. That's the current situation. A tropical ...
Posted: May 24 2018 @ 3:55 PM
Expensive real estate no longer provides owners unlimited federal property tax deductions. The Internal Revenue Service announced today that it will make an announcement about states efforts to provide taxpayers workarounds to the Tax Cuts and Jobs Act's $10,000 limit on state and local tax (SALT) federal deductions. The issue has arisen as a handful of states have enacted or are considering law changes to allow their residents to make ...
Posted: May 23 2018 @ 3:18 PM
The beach view of the newest Trump South Florida property. (Photo via Zillow) While many homeowners are in the process of protesting their residential property appraisals in the hopes of lowering their tax bills, Donald J. Trump is adding to his potential property taxes. The Trump Organization recently closed on a waterfront mansion just across the street in Palm Beach, Florida, from Mar-a-Lago. The property at 1125 South Ocean Boulevard ...
Posted: May 22 2018 @ 6:09 PM
Taxes are complicated. Most filers, however, escape some of the hassle by claiming the standard deduction instead of itemizing expenses. Over the years, around 70 percent of taxpayers annually have taken the standard deduction route. That number is likely to increase next year, when even more folks filing 2018 returns will claim the standard deduction amounts because, under the Tax Cuts and Jobs Act (TCJA), they have almost doubled. A ...
Posted: May 21 2018 @ 4:35 PM
California has the highest gas tax in the United States. Opponents are hoping to repeal it via a ballot measure this November. I filled up my mid-sized Chevy sedan's tank this morning, something I do every two weeks or so. I was stunned to see my local gas station, which usually sells gas at the lower end of the prevailing price scale, had regular unleaded going for $2.63 a gallon. ...
Posted: May 20 2018 @ 5:08 PM
Bicyclists' fringe commuting benefits were eliminated under the new tax law. Other commuters also could find their workplace transportation perks slashed, too. Woman on bicycle by Sunny via Flickr CC It's forecast to be, for the third straight day, near 97 degrees this afternoon in the greater Austin area. It's also National Bike to Work Day. That is, shall we say, a pungent combination. Yet another reason I'm glad I ...
Posted: May 18 2018 @ 4:33 PM
Teachers give more than their time and energy to students. They literally pay in many instances to help their students learn. That's why educators were pleased when the Tax Cuts and Jobs Act left the above-the-line deduction for their out-of-pocket expenses in the tax code. This tax break, which is claimed directly on Form 1040 with no need to fill out a Schedule A, lets a single filing teacher claim ...
Posted: May 17 2018 @ 7:35 PM
They're baaaack! Actually, they never left. They, of course, are tax scammers, who the Internal Revenue Service says have tweaked an https://www.irs.gov/pub/irs-news/ir-02-55.pdf old scheme using a form used by international taxpayers and non-resident aliens in their latest effort to steal taxpayer identities and cash. As is the case in many tax scams, the form used in this latest identity theft iteration, the W-8BEN, is real. That's an excerpt of the ...
Posted: May 16 2018 @ 4:12 PM
Every bettor in the United States after today's Supreme Court ruling that opens up sports betting nationwide. (Source: Giphy.com) That whoop you heard this morning was celebrating sports fans all across American who like to drop a few (or more) bucks on their favorites sports match-ups. The possibility that they can do so closer to home now an option thanks to today's (May 14, 2018) Supreme Court decision. Place your ...
Posted: May 14 2018 @ 5:18 PM

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