{"id":657,"date":"2018-03-15T08:23:55","date_gmt":"2018-03-15T08:23:55","guid":{"rendered":"https:\/\/taxreliefprofessional.com\/?p=530"},"modified":"2023-08-30T13:54:32","modified_gmt":"2023-08-30T13:54:32","slug":"how-a-tax-accountant-helps-you-with-the-new-tax-bill-standards","status":"publish","type":"post","link":"https:\/\/taxreliefprofessional.com\/personal-back-taxes-tax-debt\/how-a-tax-accountant-helps-you-with-the-new-tax-bill-standards","title":{"rendered":"How a Tax Accountant Helps You With the New Tax Bill Standards"},"content":{"rendered":"\n
We’re well in the midst of tax season, and the new tax bill under the Trump Administration is here.<\/p>\n\n\n\n
With that said, do you understand what all those new changes mean? Or, are you part of the 57% of Americans<\/a> who feel confused and overwhelmed by the tax code?<\/p>\n\n\n\n Taxes can be complicated, especially if you have various income streams, unique life circumstances like disabilities or an injured spouse<\/a>, or own a business.<\/p>\n\n\n\n Fortunately, a tax accountant can help you with everything you need to know about filing appropriately under the new bill.<\/p>\n\n\n\n Let’s get into it!<\/p>\n\n\n\n Nearly three-quarters of Americans who use the standard deduction for their taxes will probably receive a lower tax bill.<\/p>\n\n\n\n How much is highly variable, and a tax accountant will be able to provide you with a much better ballpark estimate.<\/p>\n\n\n\n The new Tax Cuts and Job Acts has 185 pages (that’s not a typo), and there are plenty of nuanced rules and different tax brackets.<\/p>\n\n\n\n With that said, the standard deduction requirements have changed significantly. It’s now $12,000 for singles filing independently and $24,000 for married people filing jointly.<\/p>\n\n\n\nYour Taxes Will Likely Change This Year<\/h2>\n\n\n\n