Ted Bauman was recently featured in the Premier Gazette article Finance Expert Ted Bauman Explains 10 Lucrative Tax Tips” written by Stephen Ray. The article provides advice from the financial writer who has a newsletter published with Banyan Hill Publishing.
He is dedicated to helping people obtain financial freedom and his latest advice helps taxpayers benefit from tax laws before they change. Ted Bauman reveals that it is incredibly important for everyone to understand the tax bill that has been passed. Though most of the rules will apply to income that was made after 2018, it is still important for everyone to know them. The taxpayers with low incomes will pay less because of the rise in the standard deduction. One of the new rules for business owners is that they will be able to have a bigger deduction for personal taxes. They can reduce up to 20% of 2018’s LLC, S corporation or partnership’s profits.
One of the main tips he provides is to prepay the 2018 mortgage interest before 2017 ran out. He also suggests that people should pay for medical services prior to the end of 2017 and deduct them when taxes are due. He suggests people should do this because the Affordable Care Act was effective through 2017. He also suggests that people should keep the receipts of their donations. He also reveals that people could benefit from paying the interest of their student loans.
The financial advisor was also featured in the Chronicle of Week article “Ted Bauman Explains 3 Possible Stock Market Crash Outcomes.” The article, written by Samuel Thorpe, reveals that the stock market may plummet or the bull market may continue. Ted Bauman has a proven track record in providing people with sound economic device. He gained knowledge of low-risk investments during his time in Africa where he studied economics and history. He worked in nonprofits to help people find low-income housing.
He suggests the stock market may return to the average ratio because the U.S. stocks are currently overvalued. He focuses on the CAPE ratio which includes the price-to-earnings ratio.