There are two types of deductions. Most taxpayers take the standard deduction that’s offered to everyone. In 2017, the value of the standard deduction for single filers and married couples filing separately is $6,350. For married couples filing jointly, the standard deduction is $12,700.
Tag: taxes
Black Lives Matter
The verdict for this episode is: my Facebook post about all lives matter was wrong. https://media.blubrry.com/jonathansimeonepodcast/content.blubrry.com/jonathansimeonepodcast/Facebook_post.mp3Podcast: Play in new window | Download (Duration: 10:46 — 4.9MB) | Embedsubscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
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Tax Brackets Create Winners and Losers
The verdict for this episode is: reducing the number of tax brackets makes things far more unfair than simple. https://media.blubrry.com/jonathansimeonepodcast/content.blubrry.com/jonathansimeonepodcast/tax_brackets.mp3Podcast: Play in new window | Download (Duration: 8:57 — 4.1MB) | Embedsubscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
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Tax Exemptions Explained
Section 151 of the Internal Revenue Code establishes the personal exemption (exemption). In 2017, the exemption is $4,050.
Tax Brackets Explained
In 2017, there are seven tax brackets. Let’s begin with the brackets for single filers.
Graham-Cassidy Explained
Senators Lindsey Graham (R-SC) and Bill Cassidy (R-LA) are mounting one last effort to repeal and replace the Affordable Care Act. Their bill would make the following changes.
Sin Taxes and SNAP Benefits
Lately, I’ve been thinking a lot about so-called sin taxes (the additional taxes added to products the government deems unhealthy). My recent reconsideration of sin taxes was spurred by a discussion I had on social media about the idea of restricting SNAP, food stamp, money from being spent on soft drinks.
How Medicare is funded
Medicare’s funding comes from two trust funds held by the United States Department of the Treasury. The money in the two trust fund accounts can only be used for Medicare.
A Message to Trump Voters
This podcast is based on a post I published to friends on my personal Facebook page. https://media.blubrry.com/jonathansimeonepodcast/content.blubrry.com/jonathansimeonepodcast/Facebook_Friends.mp3Podcast: Play in new window | Download (Duration: 5:43 — 2.6MB) | Embedsubscribe to my podcast Apple Podcasts | TuneIn | RSS | Subscribe to Jonathan's Verdicts
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Health Insurance and Tax Credits
Currently, someone earning between 100 and 400 percent of the Federal Poverty Lebvel (FPL) qualifies for a tax credit to offset the cost of health insurance.