Ted Bauman is a perceptive man who knows that knowledge is power and he works to empower American citizens with financial education to help them make better choices with their money. He publishes his insights weekly in articles for the Sovereign Investor Daily which provides solid advice in a way that is easy to understand. With the tax season on the horizon for the residents of the United States Bauman ended the 2017 year with a helpful article on the best ways to maximize their up coming taxes to benefit from the coming changes.
2018 will see a new shift in tax reform which Ted Bauman foretells can be a blessing and a curse. As many people are often confused by tax filing in general and try to neglect the yearly chore as long as possible, Bauman wants to inform people that by acting early and deliberately people can gain much more from their taxes and the new changes. His article outlines the 12 best actions to take in 2017 to create the best tax filing benefits for the future. Check this article at Bloomberg.com to know more about Ted Bauman
Here’s my Dirty Dozen list of tax steps you can undertake before December 31 to wring the maximum amount away from Uncle Sam before the law changes in 2018.#taxes #IncomeTax #WealthManagement #investing #TaxReform #BanyanHillhttps://t.co/OewfnRsTxM
— Ted Bauman Guru (@Ted_B_Guru) December 18, 2017
The foundation of his advice comes from the idea that if households amplify their itemized deductions in 2017 they will be ahead of the future changes and see a greater return. He suggests to prepay the following years expenses, such as property taxes, mortgage interest, or foreseen medical costs before the end of 2017. Bauman also encourages people to make larger than usual charitable donations for right off purposes. His article shows how moving future earnings into the current year or requesting that a future bonus be paid in December can help with increasing the state, local, and property taxes. He also talks about whether to convert a traditional IRA to a Roth IRA.
Ted Bauman has gained years of knowledge and expertise through his long career. He graduated with Postgraduate degrees in History and Economics from the University of Cape Town. For 25 years he held diverse executive positions in South Africa in their nonprofit sector. He helped the low-cost housing projects as a funds manager, as well as later serving as a consultant for the South African government on urban planning issues. Through his years he has been published in several international journals, coauthored a financial help book, and in 2013 joined the firm Banyan Hill Publishing. He currently works as an Editor for several publications while contributing with his own weekly articles.