Diane Gardner – New Tax Laws: The Good, the Bad and the Ugly

Diane Gardner is a Certified Tax Coach and best-selling author whose proactive planning approach helps clients dodge the tax bullet. Her tax coaching sessions have resulted in a combined savings of over $1,767,928 to-date. Diane has authored several books including, Stop Overpaying Your Taxes! Diane Gardner Vroom Veer Stories GOOD: Changes to the Alternative Minimum Tax Mixed: Changes to the Itemized deductions Good: Some States are trying to work out a charitable contribution credit for the money that’s paid in for taxes. Congress is not happy with that. Good: I have a sole proprietorship, that makes me a pass through business, What's new with pass-through business treatment? Ugly: meals in? and entertainment out? Good: Hire-your-kids strategy! YAY! Mixed: Standard deduction was raised, most folks won't itemize. Good: Families with younger children; Congress doubled the child tax credit. Explain the difference between a tax deduction and a tax credit? Good: We have a new family tax credit for people taking care of elderly parents or other adults. Good: Wonderful score in the business world under depreciation. Diane Gardner Connections Tax Coach 4 You