Palm Springs Paralegal Center & Tax

Fideicomiso Revocable/ Revocable Trust In Revocable Trust you have all the discretion to change things as necessary in life. Clave Revocable en vida puede cambia el albacea, nombrar herederos o cambiar sin la supervisión de la corte ... Elizabeth Bonilla (760)565-2282 LDA 000357 Reference:Nolo Law

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STANDARD DEDUCTION The standard deduction doubled under the new tax law that took effect in 2018. In turn, the number of taxpayers who took that instead of itemizing on their taxes jumped sharply.... An estimated 90% of taxpayers are expected to take the deduction this year. While the standard deduction usually increases each year for inflation, it’s worth keeping the figure in mind as taxpayers adjust to the new system. Some people may still want to run through the exercise of deciding whether to itemize or not. The decision comes down to whether your deductible expenses are greater than the standard deduction. Single individuals now get a standard deduction of $12,200 and married individuals filing jointly qualify for a standard deduction of $24,400. Head of household individuals get a standard deduction of $18,350.

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