"What did you just say about the school-going wife? And that raised toddler, is my twelve-year-old brother eligible? ”

Bill asked.

He really didn't want to just pay 100,000 dollars in taxes.

"If your spouse is in college, you can file a joint claim to get a more favorable forgiveness. For example, now, if Mr. Ferrari has a college student's wife, the IRS tax of 84,000 can be reduced to more than 60,000, and if your wife is a Ph.D., it can be reduced even more. If you have a student loan, you should only have to pay about 40,000 yuan. ”

The old white man gave Bill an example, and then answered the second question.

"Your younger brother shouldn't constitute your forgiveness unless you can prove that you've been raising him and that twelve is a bit old."

Bill was very worried, thought for a while and asked, "How do people with an annual income of 300,000 yuan reduce their personal income tax as much as possible?" I want you to explain it to me. ”

Anyway, there is still a month and a half before the deadline, and if you can do it, you can do it as much as possible, even if it is a few thousand dollars less, and Bill doesn't want to be this big injustice.

The old man helped his reading glasses, "Generally speaking, the wealthy middle class will get a tax deduction by keeping themselves in a loan state, and this one will be reduced by up to 26,000 US dollars. Then there is more consumption, especially the kind of consumption that can pay federal consumption tax, which can also be deducted from the individual tax amount. ”

He paused and thought for a while, pointed to the bill in his hand and said, "If you make money through stocks, futures, funds, etc., you can also use the handling fee to the exchange to offset the IRS personal income tax." In addition, part of the handling fee paid to the brokerage company can also be deducted from the individual income tax. In addition to this, you can also choose to do charity to deduct your taxes......"

The old man talked on and on for a long time, and Bill asked him for a pen and paper and began to take notes.

In general, if you want to reduce taxes, you can borrow more, spend more, do more charity, and at the same time cash out your real estate less, and you can also buy loss-making assets to increase your losses, which can also reduce your personal income tax.

After pausing to write, Bill reminisced for a moment and felt that he still had room to cut taxes, "I paid four hundred and sixty-four dollars and seventy-six cents to the New York Merchants, which is a tax deduction, right?" ”

The old man looked at Bill with a teachable feeling, "Yes, yes, you can reminisce about memories." ”

"Then the seven thousand seven hundred and forty-nine dollars and three cents I gave to the brokerage company can be used to offset some of it?" Bill kept up the good work.

The old man lowered his head and began to flip through the information: "Wait a minute, I'll check the ratio of this...... Well, it's about twenty-two percent, and I do the math, that's one thousand seven hundred and four dollars and eighty-five cents. ”

After doing the math, he fiddled with the calculator for a long time and gave a precise number, "The current total is nine thousand and sixty-nine dollars and sixty-one cents in tax deductions." If you have a big consumption, you can also bring it up, and I'll calculate it for you now. ”

Bill asked tentatively, "If I go on a loan now and spend a lot of money, will I also get the forgiveness line?" ”

"That's right, the amount of personal income tax you have to pay in the next year will be very small. However, if you want to reduce your income tax last year, you have to look for spending records between January 1 and December 31, 1979. The old man said it very clearly.

This made Bill regret it, his previous attitude towards money has always been the Chinese mentality before the time, he can hide it and never leak it out to others, and save it first and spend it later, rather than spending money first and then repaying credit cards and loans.

Because he always felt that he was a child holding money in the downtown area, he didn't even spend a lot of money, he didn't even buy a $200 car, and he searched his family, but he didn't give any valuable gifts.

I knew that I would give the IRS 80,000 US dollars for nothing, it was better to change the family to a big house, and now at this point in time, the housing prices in New York are scaryly low, except for Long Island, which may be slightly expensive, and the local owners' committee does not agree to sell houses to low-income Italian immigrants, the entire New York house is at his disposal.

Angry Bill slapped his thigh.

But there is no way, now there is still more than a year before Reagan's reform of the tax system, the personal income tax and capital gains tax have not been reduced, and last year's individual income tax has not been able to avoid too much tax, and this loss can only be recognized.

"So be it, you first calculate the IRS tax I have to pay and the local government's individual income tax. By March 20th, I'll go with you to file your taxes and tax returns. ”

The old man didn't ask why it was before March 20th, he looked down and took the calculator for a while and gave two numbers: "On the IRS side, you need to pay seventy-seven thousand two hundred and eighty-two cents, and on the side of New York State and New York City, you need to pay sixteen thousand and forty-five dollars." That's $93,327.82 in total. ”

Hearing this number, Bill was in a mood infarction and didn't even want to speak.

The old man was very responsible, and began to enlighten again: "Sir, this is actually a good thing. If you have to make multiple transactions to get the more than $290,000, the cost of the IRS audit will increase significantly, and your chances of being spot-checked are relatively small. But you make so much profit from a single transaction, the IRS will definitely check your tax records, and paying the full amount this time will make it a lot easier for years to come......"

"If you have an IRS that has a suspicious tax, you should pay protection money." Bill comforted himself.

After paying a portion of the fee in advance, Bill took the bus home with the notes he had made.

Even though it was Monday, he wasn't in the mood for school, and he didn't have to train after 3 p.m., and Bill wanted to take a day off and relax.

At noon, the family didn't have to go home, Bill went out to find a restaurant to eat, and in the evening when his sister Dorothy came back surprised that her brother had returned home so early.

"Brother, there's something I want to discuss with you." After placing her bag on the pile of clutter next to the door, Dorothy walked over to Bill, who was lying on the couch watching TV.

"Say!"

Bill changed his position slightly, so that he and his sister could meet each other.

"I just got an offer and a scholarship from Binghamton at RD, and I wondered if I should go to this state university instead of Columbia at ED1."

The tax in the morning was enough to upset him, and the girl suddenly made this happen, and Bill was even more annoyed.

"Tell me your reasoning."

Dorothy walked over to the other couch and sat down to convince her brother.

"Well, Binghamton gave me a scholarship of 3,200 per academic year, and since this is a public university in the state, I only had to pay 1,400 dollars in tuition and arranged for me a dormitory. As for Columbia College, although the scholarship they gave me was $7,500, the tuition fee was more than $9,000, not counting the cost of books and miscellaneous fees, etc., and the dormitory had not yet been decided. ”

Speaking of this, Bill, who was distressed about personal taxes, turned over and sat up, and persuaded in a posture of a passer-by:

"We are not afraid that tuition fees are expensive, we can use loans, student loans to pay for tuition. Don't be afraid of running out of money to spend, this is an era when banks dominate everything, we can borrow money from banks to spend and pay it back when we can afford to pay it back. Moreover, the loan can also reduce personal income tax, and the experience of repaying the student loan written on your resume can also increase the recognition of the people at the bottom, which will help you participate in elections in the future......"

The mistakes he made, he can't let his sister follow suit, and taking out a loan early is the king.

PS: Ask for a recommendation ticket and ask for a monthly pass. Thank you for your help.,Tomorrow this book will be recommended on Sanjiang.,Some book friends want to chat.,So I opened a book friend group.,You can add it at the bottom of the profile with one click.,If you want to chat, you can come in.。