Kari Brummond

About Kari Brummond

Kari Brummond is a freelance writer based in Colorado. She specializes in personal finance and tax issues.

The Pass-Through Tax Deduction Explained With Calculation Examples

pass-through tax deduction explainedThe new income tax plan brings in a generous pass-through tax deduction for many small businesses in IRC Section 199A. If you have pass-through income, you may qualify for a deduction worth 20% of qualified business income.

The change came into effect in 2018, but it doesn’t affect your 2017 tax […]

Why Trump’s Tax Plan May Not Ultimately Reduce Charitable Giving

trump tax plan and charitable givingThere’s a lot of speculation about what’s going to happen with Trump’s tax plan or the “Tax Cuts and Jobs Act.” Many people are panicking or rejoicing without looking at the details, and others are narrowing in on a single aspect of the plan while ignoring […]

January 4th, 2018|Tax Opinion|0 Comments

How to Avoid Paying the Health Insurance Penalty on Your Tax Return

how to avoid paying the health insurance penaltyUnder the Affordable Healthcare Act, you are required to have health insurance. If you don’t, you face a hefty penalty at tax time. Although there has been a lot of news about changes to the healthcare act, you still have to pay this penalty for the tax year 2017.

Called […]

November 8th, 2017|Uncategorized|0 Comments

Tax Breaks for Teachers: How to Reduce Your Taxes As a Teacher

tax breaks for teachersThe school year is in full swing, and if you’re a teacher, you’ve probably already spent money out of your own pocket. Luckily, the IRS allows you to claim a deduction for many of these expenses. If you want to reduce your tax bill, here are some tax breaks for […]

October 16th, 2017|Uncategorized|0 Comments

October 16th IRS Tax Filing Deadline for Individuals: Details & Exceptions

October 16th IRS Tax Filing DeadlineIf you requested an extension on filing your federal income tax return, your due date is just around the corner on October 16th, 2017. You must have your tax return postmarked or electronically submitted by that date. If you don’t file on time, you face the […]

October 3rd, 2017|Tax Tips|0 Comments