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Will the 2016 Presidential Election Affect My Taxes?

Will the 2016 Presidential Election Affect My Taxes?

By on Sep 22, 2016 in Taxes | 0 comments

2016-presidential-election-affect-my-taxesWill the election alone affect your taxes? Probably not. However, the cold hard truth is that every presidential election pretty much serves as the gateway to mentally preparing you for a tax adjustment in some way, shape, or form.

Always Be Ready for Change

As the presidential office changes, so will the policies. Within those policies the administration will determine how these things will be paid for. In all likelihood, it’s going to be extracted from taxes. Where within the tax realm is a totally different agenda and will be determined by the new administration team.

There are several ways your taxes can be affected by new policies. But here are just a few:

  • Sales tax
  • Adjusting the federal tax bracket
  • Each state adjusting state tax bracket
  • Excise tax

Find Out What the Candidate’s Policies Are

A good way to determine if the 2016 presidential election will affect your taxes is to listen to the debates. Here, the presidential candidates are expected to talk about their policies and what they plan to do should they get voted into the White House as President of the United States. One thing is certain, no matter what the outcome is, as a United States citizen, you’ll be obligated to pay your taxes whether you’re in favor of one presidential candidate more than the other.

Deal with It

Don’t let your feelings affect your responsibility to adhere to your tax obligations. It is a federal violation to neglect your tax responsibilities. So whether you’re currently in debt to the Internal Revenue Service (IRS) or you strongly suspect that you might be once the 2017 tax season rolls around, prepare to get your finances in order so that you can take care of any tax debt you might have.

Everyone Can Use a Little Help

If you think that you could use a little help in preparing for the 2017 tax season, contact a tax relief firm that has the knowledge and experience to prevent or resolve any tax matters that you might have.

What Kind of Tax Relief Firm Should I Look For?

Success Tax Relief is based in LaPorte, Texas. However, we are equipped to handle any type of tax situation nationwide. That means that we are knowledgeable not only in Texas tax laws, but are well acquainted with all state tax laws.

Our professional team of lawyers, CPAs, tax preparers and accountants are on hand to assess your personal tax situation and propose a plan of action that will alleviate your current tax issue. There is a strong possibility that we can even reduce the total amount you owe to the IRS.

Just Get it Done!

We know what it takes to get the IRS to see things your way. Success Tax Relief has the experience of submitting Offers in Compromise and negotiating installment agreements. If you’re interested in finding out what Success Tax Relief can do for you, call our toll free number at 1-877-825-1179. You can also email us or contact us online. We are more than happy to answer any questions you might have. So, contact us today to schedule your free consultation. Our doors are always open!

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