{"version":"1.0","provider_name":"Fiesta Auto Insurance and Tax Services","provider_url":"https:\/\/fiestainsurance.com","author_name":"Bharathi P","author_url":"https:\/\/fiestainsurance.com\/author\/admin-bharathi\/","title":"The Tax Reform Bill and How It Affects You and Your Family - Fiesta Auto Insurance and Tax Services","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"WcQLKm5xGr\"><a href=\"https:\/\/fiestainsurance.com\/the-tax-reform-bill-and-how-it-affects-you-and-your-family\/\">The Tax Reform Bill and How It Affects You and Your Family<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/fiestainsurance.com\/the-tax-reform-bill-and-how-it-affects-you-and-your-family\/embed\/#?secret=WcQLKm5xGr\" width=\"600\" height=\"338\" title=\"&#8220;The Tax Reform Bill and How It Affects You and Your Family&#8221; &#8212; Fiesta Auto Insurance and Tax Services\" data-secret=\"WcQLKm5xGr\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/fiestainsurance.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>\n","thumbnail_url":"https:\/\/fiestainsurance.com\/wp-content\/uploads\/2024\/12\/42-1.jpg","thumbnail_width":747,"thumbnail_height":501,"description":"The Tax Reform Bill and How It Affects You and Your Family The Tax Reform Bill and How It Affects You and Your Family LEARN HOW THE TAX REFORM BILL CAN HELP LOWER YOUR FEDERAL TAXES WITH HELP FROM FIESTA TAX SERVICE They say every cloud has a silver lining, and that may just be the case with the tax reform bill. Because even though the new tax reform changes went into effect at the beginning of 2018, you probably won\u2019t see them all until you file your federal taxes in April of 2019, and some even later in 2020. The good news is that our team of certified tax preparers at Fiesta can help you make the most of the new tax reform, so stop by our\u00a0location\u00a0so we can help you MAXimize your tax refund. Here\u2019s how the tax reform bill will likely impact you and your family. Higher child care tax credit. This increases by up to $1,000 for every child under the age of 17, which means that the amount you owe in taxes could go down by up to $1,000.\u00a0Nada mal! Increase in standard deduction.\u00a0The standard deduction is a set amount of money that people can automatically subtract from their taxes. The government sets the amount depending on whether you\u2019re married or single, and your filing status. Basically, the standard deduction lowers how much you pay in taxes! Under the tax reform bill the amount of the standard deduction will go up to $12,000 for individuals, and to $24,000 for married couples who file their taxes together. This means that you could end up paying less in taxes! Limits to state and local tax deductions.\u00a0If you deduct your state and local income or your property taxes, this amount will soon be limited to $10,000. Your\u00a0Fiesta Certified Tax Preparer\u00a0can help you determine if this applies to your situation, and when. Limits to mortgage interest deduction.\u00a0Future home buyers will see their mortgage deductions limited to $750,000. So, when you and your family buy the home of your dreams, you will be able to deduct from your taxes the interest payments on a home loan of up to $750,000. Health care penalty eliminated.\u00a0After December 31, 2018, the tax penalty for not having health insurance is gone! When it comes to the new tax reform, you never know how it will affect your family budget, no matter what your\u00a0vecino\u00a0tells you. But one thing you can count on is our certified tax preparers at Fiesta to guide you through the tax process and help you get the best tax refund as quickly as possible. Stop by your nearest Fiesta\u00a0location\u00a0so we can help you with your taxes today. Can\u2019t wait to see you!"}