USA TODAY US Edition : 2019-01-30

NEWS | OPINION : 6 : 6A

NEWS | OPINION

NEWS ❚ ❚ WEDNESDAY, JA NUARY 3 0 , 2 019 6A USA TODAY Advertisem­ent Advertisem­ent Advertisem­ent His ‘Tax Loophole’ Can Make Your Fortune! President Trump’s new tax law is fully effective and millions are finding out about the little -known ‘Trump Tax Loophole.’ This new loophole will save taxpayers who use it billions in taxes – and slash their personal taxes by 20 percent! This loophole can be used by anyone if they follow several simple steps – dropping everyone’s effective tax rate. The highest incomeearn­ers can see their tax rate drop to a shockingly low 29 percent! The Tax Loophole is detailed in the new bestseller by renowned tax expert Eva Rosenberg. The Trump Tax Cut is your guidebook to the biggest tax cut in history. But you need to find out how the law works to get its benefits. The Trump Tax Cut #1 Big Loophole You Must Know! Here’s the deal: Trump slashed corporate rates to 21 percent, but personal income taxes not so much — to 35 percent for the highest-income level. But Trump gave you a secret “trap door” for lower taxes. If you’re an independen­t contractor or small business person (many employed people can change their status!) there is a special deduction of 20 percent of your income that makes your effective rate just 29 percent! Already hundreds of thousands are taking advantage of this loophole. Anyone can grab it but there are requiremen­ts, so get for all the facts! The Trump Tax Cut PLUS: Money-Saving Secrets The ALL- that will instantly help 70% of Americans! Chapter 1 explains how easy it is to cash in. NEW change Cosmetic surgery costs you can legally deduct. TIP #207 explains. ■ ■ FREE Deduct medical costs for a dependent who isn’t a dependent. TIP #80. ■ Get a 100 percent write-off buying a new business car your irst year! See Tip #61. ■ Offer! Get the IRS to waive penalties for mistakes you made on your taxes. Everyone needs to know TIP #190. ■ Get the government to help pay your energy bill. Tip #30 is ■ hotel stays for out-of-town care, miles driving to and from doctors, therapists, labs, and more. ALL NEW! Give your child the very best education whether you want to send them to private school or home school. TIP #184 is a godsend that shows you how to help cover the cost for materials, tutors, and more. ■ HUGE! Make a bundle of money helping the IRS. Check out TIP #226. The most overlooked tax deduction many accountant­s don’t even know. Tip #5. ■ ■ 3 big state-tax deductions most people miss — including tax pros! The amount you’re deducting can easily add up to thousands of dollars. Don’t miss TIP #9. Give your grandkids money for college without paying a dime in gift taxes. If you follow TIP #163, it lets you give them as much as you want without paying gift taxes. ■ ■ How you can still deduct the mortgage interest on TWO homes! Tip #12 reveals the details. ■ Get Uncle Sam to help pay your energy bill. TIP #30 shows you how to get your hands on this money — and even how it can make you extra cash when you sell your home. ■ ALL NEW! Take $10,000 of distributi­ons from 529s to help cover the cost of home schooling. Tip #184 shows you how. ■ Are you caring for a loved one? Maybe your parents still live on their own, but you’re stopping by a few times a day to help with medication­s or to bring them food. Or maybe you had your dad move in with you. The government will pay you to take care of any family members in need. And the income isn’t taxable. You pay zero taxes on the money you earn. TIP #96 is a true blessing. Do you prepare your own taxes? TIP #220 reveals the 9 adjustment­s you’re probably missing on your 1040 form. These hidden adjustment­s could help you save a bundle. ■ ■ Get tax-free money in retirement! TIP #125 shows you how to put away money for retirement you can take out without paying taxes — and you don’t have to take those pesky required minimum distributi­ons. Another bonus? Any money left goes to your heirs tax-free! ■ Do you drive for Uber or use your car for work? Tip #78 steers you to the biggest deduction. ■ Pay zero taxes on required minimum distributi­ons (RMDs). When you reach the age of 70½ you must start taking distributi­ons from your IRA. Since you didn’t pay taxes when you put the money in, you have to pay up when you take the money out — unless you know the special provision revealed in TIPs #132 and 133. ■ Get more money back for each qualifying child you have under 17. Chapter 1 shows you how. ■ A better way to save for college. Tip #168 could help millions. ■ The medical deduction you’re probably missing. Buried deep in the tax code is this gem that lets you legally deduct the cost of medical travel! TIP #87 shows you how to deduct ■ Worried about having enough money for retirement? TIP #148 shows you how to boost the income in your Social Security account. ■ 13 tax no-nos that could trigger an audit. The full list and explanatio­ns are yours in Chapter 12. ■ And hundreds more tax deductions, tips and loopholes! ■ ALL NEW! Deduct more for medical expenses! The threshold for medical expenses plummets by 25%! The most overlooked tax deduction — I’ve met accountant­s who don’t know this. If you’ve got an RV, motorcycle, boat or other “toy,” TIP #5 reveals the deduction you can take — right down to the line on schedule A where you’ll put the dollar amount! ■ ■ FREE OFFER guide book brings you hundreds of ways to decrease your tax bill. The Trump Tax Cut Why you should never, ever donate your car no matter how worthwhile the organizati­on. Tip #111. ■ You’ll see how to legally take deductions on almost everything from medical expenses and charitable donations to care-giving costs to home and property deductions to investment and retirement savings, to your child’s (or even your grandchild’s) education — and so much more. 3 deductions that usually slip right past the IRS. This is Tip #1 for a reason! ■ Thinking of re inancing? Beware: The new law only allows you to deduct the interest on the original loan balance. TIP #12 could save you from making an expensive mistake. ■ Get in bookstores everywhere or check out the FREE Offer — and save almost $20! The Trump Tax Cut Collect rent payments the IRS doesn’t count as income. TIP #43 lets you earn extra cash tax-free! ■ Online: Newsmax.com/Tax117 Newsmax says: Phone: ‘ If you want to pay zero taxes, get guide (800) 859-1081 ’ The Trump Tax Cut See Website for terms, conditions, and eligibilit­y for this offer.

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