2018 Tax Law Changes & Last Minute Tax Saving Tips Download - - PowerPoint PPT Presentation

▶
2018 tax law changes last minute tax saving tips
SMART_READER_LITE
LIVE PREVIEW

2018 Tax Law Changes & Last Minute Tax Saving Tips Download - - PowerPoint PPT Presentation

Dec 29, 2023 131 likes •667 views

Monterey Public Library Endowment Committee and Friends of the Library present 2018 Tax Law Changes & Last Minute Tax Saving Tips Download Handouts at: https://www.monterey.org/library/Events/Financial-Awareness-Workshops Presented by

slide-1
SLIDE 1

Monterey Public Library Endowment Committee and Friends of the Library present

Presented by Travis H. Long, CPA

Travis H. Long, CPA, Inc. www.tlongcpa.com 831.333.1041

Inga Waite, Library Director Monterey Public Library 625 Pacific Street, Monterey, CA 93940 www.monterey.org/library, 831.646.3933

California’s first public library established in 1849

2018 Tax Law Changes & Last Minute Tax Saving Tips

Download Handouts at:

https://www.monterey.org/library/Events/Financial-Awareness-Workshops

slide-2
SLIDE 2

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

www.tlongcpa.com 831.333.1041

slide-3
SLIDE 3

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

Travis H. Long is a Certified Public Accountant licensed by the California Board of Accountancy, and a member of the California Society of Certified Public

  • Accountants. Long opened his firm in January 2011 after working for a number of

years in public accounting. His experience includes trust and estate taxation and planning, individual and business taxation and planning, accounting for partnerships, corporations, nonprofits, trusts, and estates. Travis graduated first in his class from Principia College in Elsah, Illinois, majoring in Business Administration and Mass Comm. Travis is an active member in his community and church. He recently finished a two-year term as President of the Board for Meals on Wheels of the Monterey Peninsula, and now serves as Treasurer. He teaches Sunday School at First Church

  • f Christ, Scientist, Carmel, where he also fills the role of Treasurer. Travis is a

member of the Pacific Grove Rotary Club, and is the President Elect of that

  • rganization. In addition, he serves as an Ambassador for the Pacific Grove

Chamber of Commerce. He and wife, Joy, have two children. Outside of work and community activities, Travis enjoys Cub Scout activities with his son, playing dolls with his four-year-old daughter, and home renovation projects. He can be reached at travis@tlongcpa.com, (831) 333-1041 or http://www.tlongcpa.com. 706-B Forest Ave., Pacific Grove, CA

slide-4
SLIDE 4

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-5
SLIDE 5

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-6
SLIDE 6

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

Single 2018 Tax Rates – Standard Deduction $12,000 2017 Tax Rates – Standard Deduction $6,350 10% 0 to $9,525 10% 0 to $9,325 12% $9,525 to $38,700 15% $9,325 to $37,950 22% $38,700 to $82,500 25% $37,950 to $91,900 24% $82,500 to $157,500 28% $91,900 to $191,650 32% $157,500 to $200,000 33% $191,650 to $416,700 35% $200,000 to $500,000 35% $416,700 to $418,400 37% Over $500,000 39.60% Over $418,400 Married Filing Jointly 2018 Tax Rates – Standard Deduction $24,000 2017 Tax Rates – Standard Deduction $12,700 10% 0 to $19,050 10% 0 to $18,650 12% $19,050 to $77,400 15% $18,650 to $75,900 22% $77,400 to $165,000 25% $75,900 to $153,100 24% $165,000 to $315,000 28% $153,100 to $233,350 32% $315,000 to $400,000 33% $233,350 to $416,700 35% $400,000 to $600,000 35% $416,700 to $470,700 37% Over $600,000 39.60% Over $470,700

slide-7
SLIDE 7

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

Head of Household 2018 Tax Rates – Standard Deduction $18,000 2017 Tax Rates – Standard Deduction $9,350 10% 0 to $13,600 10% 0 to $13,350 12% $13,600 to $51,800 15% $13,350 to $50,800 22% $51,800 to $82,500 25% $50,800 to $131,200 24% $82,500 to $157,500 28% $131,200 to $212,500 32% $157,500 to $200,000 33% $212,500 to $416,700 35% $200,000 to $500,000 35% $416,700 to $444,500 37% Over $500,000 39.60% Over $444,500 Married Filing Separately 2018 Tax Rates – Standard Deduction $12,000 2017 Tax Rates – Standard Deduction $6,350 10% 0 to $9,525 10% 0 to $9,325 12% $9,525 to $38,700 15% $9,325 to $37,950 22% $38,700 to $82,500 25% $37,950 to $76,550 24% $82,500 to $157,500 28% $76,550 to $116,675 32% $157,500 to $200,000 33% $116,675 to $208,350 35% $200,000 to $500,000 35% $208,350 to $235,350 37% Over $500,000 39.60% Over $235,350

slide-8
SLIDE 8

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

Trusts and Estates 2018 Tax Rates 2017 Tax Rates 10% 0 to $2,550 15% 0 to $2,550 24% $2,550 to $9,150 25% $2,550 to $6,000 35% $9,150 to $12,500 28% $6,000 to $9,150 37% Over $12,500 33% $9,150 to $12,500 N/A N/A 39.60% Over $12,500

slide-9
SLIDE 9

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-10
SLIDE 10

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-11
SLIDE 11

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-12
SLIDE 12

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-13
SLIDE 13

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-14
SLIDE 14

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-15
SLIDE 15

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-16
SLIDE 16

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-17
SLIDE 17

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-18
SLIDE 18

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-19
SLIDE 19

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-20
SLIDE 20

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-21
SLIDE 21

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-22
SLIDE 22

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-23
SLIDE 23

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-24
SLIDE 24

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-25
SLIDE 25

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-26
SLIDE 26

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-27
SLIDE 27

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-28
SLIDE 28

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-29
SLIDE 29

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-30
SLIDE 30

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-31
SLIDE 31

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-32
SLIDE 32

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-33
SLIDE 33

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-34
SLIDE 34

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-35
SLIDE 35

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-36
SLIDE 36

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-37
SLIDE 37

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-38
SLIDE 38

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-39
SLIDE 39

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-40
SLIDE 40

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

www.irs.gov/individuals/irs-withholding-calculator

slide-41
SLIDE 41

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-42
SLIDE 42

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-43
SLIDE 43

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-44
SLIDE 44

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-45
SLIDE 45

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-46
SLIDE 46

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-47
SLIDE 47

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-48
SLIDE 48

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-49
SLIDE 49

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-50
SLIDE 50

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-51
SLIDE 51

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

slide-52
SLIDE 52

TRAVIS H. LONG

CERTIFIED PUBLIC ACCOUNTANT, INC.

Travis H. Long, CPA, Inc. Certified Public Accountant 706-B Forest Avenue Pacific Grove, CA 93950 Telephone: (831) 333-1041 Fax: (831) 241-5020 Email: travis@tlongcpa.com