Best Ted Bauman Shortcuts To Maximize Tax Savings In 2018 – The Easy Way

Who learned from Ted Bauman, how to outsmart tax reform in 2018? Last year, Ted Bauman’s final piece submitted to Sovereign Investor Daily touched on some interesting tax strategies going into 2018. He particularly emphasized the need to maximize tax savings in anticipation of income tax reform. Taxpayers could easily enjoy reduced marginal rates for another decade based on the newly revised federal tax plan. Of course, every taxpayer wants to take advantage of any tax savings. However, those who failed to increase itemized deductions in 2017, probably missed out on getting a 2018 tax break.

Ted Bauman suggested prepaying for certain tax deductibles ahead of 2018. For example, medical (scheduled procedure), student loans (outstanding), mortgage interest, property taxes, etc. It probably made more sense to trade in or buy an automobile last year, and list it as an itemized deduction for 2017. From bonuses, retirement plan conversion, downsizing a company/business to real estate investing, Ted Bauman encouraged swift action in 2017. The new plan aims to cap SALT (State, Local and Property) taxes, scrap personal exemption and add a threshold to mortgage-interest deduction. This should see many high-tax states household paying more taxes. Meanwhile, low-income taxpayers could find a higher standard deduction vs. itemizing agreeable. Learn more on Seeking Alpha about Ted Bauman

Ted Bauman developed a passion to help citizens make smarter investment decisions. With an eventful professional life, he’s experienced the Caribbean, Europe, Africa, Latin America and Asia. He’s overseen numerous international housing development projects. His life experiences ultimately made him a wiser investor. He’s now sharing this knowledge with the readers of his journals, articles and free newsletter. Mr. Bauman shares constructive advice through a couple online channels, including The Sovereign Investor Daily. In addition to this free weekly newsletter, he’s Banyan Hill Publishing chief editor. Since he joined the investment research advisory in 2013, he’s tasked with managing its top three subscriptions: Alpha Stock Alert, Plan B Club, and The Bauman Letter.

As a strategist, Ted Bauman’s expertise centers on low-risk investing, international migration, asset protection, and privacy. He spent most of his young adult life abroad (South Africa). In fact, Bauman received two postgraduate degrees (History and Economics) from UCT (University of Cape Town). He later landed employment as a lead executive with prominent nonprofit investment companies across the country. The fund manager played a pivotal role in launching and nurturing Slum Dwellers International. It’s had success in 35 countries worldwide and has supported more than 14 million citizens globally. Visit:https://ideamensch.com/ted-bauman/

 

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