Posted by (American Life Insurance Guide）距離2019年4月15日報稅截止日只有最後2天，如果你稅單上的數字有點讓你掏錢掏得心痛的話，那麼以下就是2019稅季截止日前，最後的3個關於省稅的嘗試：
1. Fill up your traditional IRA account
If you are eligible, you can open a traditional IRA account before April 4 (Traditional IRAs), and then rush to deposit $4 before April 15th.This money can be tax deductible-for example, if your tax level is 5,500%, at this time you deposited the maximum allowable deposit in the account in 35: $2018, then you can pay $5,500 less tax.
If you are 50 years old or older, you can deposit up to $50.Every penny deposited in a traditional IRA account is tax deductible.
2. Standard deduction or Itemizing Deduction?
If you do business on your own, take Form 1099. Before 2017, you usually deduct taxes by listing specific cost items.
After 2018, the Tax Cuts and Jobs Act (The Tax Cuts and Jobs Act) revised the standard deduction method to calculate the tax deduction, which increased the tax deduction by almost twice. .
Therefore, this year, itemizing deduction by listing specific cost expenditure items may not be suitable for you.
If you have been using the standard tax deduction method, it can be ignored, but if you have been using the method of enumerating specific cost and expenditure items to deduct tax, you can re-deduct the tax amount according to the standard deduction method Way, recalculate the tax table.
For example, if we are a married couple, when we file our tax returns in 2017, we will have a $15,000 exemption by enumerating specific cost items.This is very suitable in 2017, because according to the standard tax deduction method, only $12,600 can be deducted.But in 2018, the standard tax credit has become $24,000. Therefore, maybe another way, it will greatly save tax.
3. Fill up your HSA health savings account
Health Savings Account (HSA), commonly known as HSA, is an excellent long-term investment account dedicated to medical expenses.
Most importantly, HSA has three major tax advantages:
- The money deposited into a qualified HSA account can be deducted for tax
- The money in the HSA account can be used for investment, and the investment gains can be delayed in tax payment
- If used for designated treatment expenses, the withdrawal of the money in the HSA account is 100% tax-free
For example, if you are eligible to open an HSA account in 2018, you can deposit your HSA account before the deadline of April 2019, 4 to achieve the purpose of tax relief.In 15, singles can deposit up to $2018, and families can deposit up to $3,450.
The last thing to note is that even if you are unable to pay the tax, you must fill out a tax return.
According to recent reports, due to tax reforms and savings and other comprehensive reasons, more and more people find that they do not have enough money to pay IRS taxes.If you are also in this situation, you must also file a tax return.
The reason is that the IRS's penalty for not filing taxes is 10 times more severe than the penalty for not paying.If you just fill in the form to declare, but do not pay, you will only have a fine of 0.5% of the monthly unpaid amount, but if you do not fill in the form to declare, the monthly fine is directly calculated at 5%.
Therefore, even if you cannot pay the tax, it is essential to fill out the form on time and if you can pay part, or half, then pay so much.As long as you pay, IRS will also provide corresponding cooperation assistance.For example, it cooperates with many tax preparation service providers to provide free tax preparation services for families with an income of less than $66,000, credit card installment payment, and so on.
