019 George Ferullo -3 Tax changes affecting high earners

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Those Who Pay the Most, Save the Most

In this episode, KT  and George discuss:

  • Tax changes and its effect on high earners
  • Unreimbursed expenses from home
  • Upcoming changes of alimony
  • Things that have changed/have not changed

 

Key Takeaways:

  • Phase out of the itemized deductions means a lot of what people think they lost in the tax changes might have been dramatically reduced before the bill
  • If someone is making over $250,000 taxable income (married or joint), they’ll be in the 33% bracket
  • There have been no real changes in capital gains taxes

“Those that pay the most under these [tax] changes will save the most… those who pay the least, have the least amount to get back.” – KT Thomas

 

Reach Me Here: KT Thomas

Connect with KT Thomas: https://ktsmoneymatters.com/

Purchase KT’s book- The Hardworking Woman’s Guide to Money

 

 

Show Notes by Show Producer: Anna Nygren

 

Audio production by Turnkey Podcast Productions. You’re the expert. Let us help you prove it.

About the author, Kathleen

Kathleen Thomas, who often goes by KT, has over 25 years of experience in the financial services industry and understands the need for women to take control of their financial lives.

A Certified Investment Management Analyst, Chartered Life Underwriter, and Certified Financial Planner™ practitioner, Thomas earned her degrees in Finance and Political Science from Salem College.

Prior to founding NewDay Solutions, an independent Registered Advisor Firm, Thomas spent 20 years as a private wealth advisor for Ameriprise Financial Services. Many of her earliest clients continue to work with her.

Thomas is an avid long-distance runner and triathlon participant. She has completed the Boston Marathon seven times and the Ironman Distance Triathlon three times. She has volunteered as coach and mentor for Girls on the Run New Hampshire and Team in Training.

Raised in Newton, Massachusetts, Thomas now lives in Seabrook, New Hampshire, with her husband, John. They have one daughter.

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