Filing Federal Income Tax 2018/Carlos Pueblo
Basically, I
had finished my federal income tax of 2018 last night. Now,
the matter
is when I shall have my check mailed to the IRS. Every year
at this
time, I always get this done before I go out on trips. Some friends
or relatives
have taken this tax filing season coming back to the U.S. from
Taiwan even
though they can file in the foreign country and pay the tax due
on line
banking account or even credit card. IRS makes the procedure very
simple and
convenient and very much better efficient than the tax police
to collect
the revenue. This tax paying phenomenon makes the U.S. a
great
nation.
When I was
young, I had my tax strategy made to maximize my pension
contribution
and deferred my annual income tax. I thought that the pension
fund would
help me after my retirement for not getting the earned income.
Pension
funds do help to calm my nerve yet helping me in tax matter is not
that ideal.
We’re in higher tax bracket now than before and we’re paying more
tax. A new
strategy is made tentatively that I shall stay at the mandatory
minimum
distribution and withdraw the Roth in case of over spending need
first, don’t
go to unnecessary spending, and keep a healthy physical condition.
I am much
more relax now for the IRS to tax my social security income in full
because that
I have thought that the fund has been taxed. I do get some back
from the
Roth, a tax policy to benefit savings. I am going to do my son Arthur’s
return in a
few days. He is under my tax and investment strategy and pension
funds are
growing and there will be no financial issue when he is retired.
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