New tax break for 2019

Does anyone have any knowledge as to whether this new tax break for 2019 will apply to mystery shoppers? If it does, it could be a substantial break for many of us. What do you think??

[www.forbes.com]

Shopping up and down the Colorado Rocky Mountain front range.

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It looks as though we should be eligible but that certainly does not mean we are or will be. I trust TurboTax to have sorted out with IRS what will and will not be allowed and have tentatively begun doing my 2018 return trial run for year end planning. Forms on some of the Schedule C things are not yet available and indeed the list of questions for 2018 seems very much longer than in the past (so much for simplifying the tax code!) but until I can wade through I won't see if it is doing something new and different.
The newest change I witnessed is Real Estate taxes have gone down a couple hundred dollars...not knowing who changed this or if it's a CA thing, I'm happy.

Create a life that feels good on the inside, not one that just looks good on the outside.....
Dr. Judith Wright
@Irene_L.A. wrote:

The newest change I witnessed is Real Estate taxes have gone down a couple hundred dollars...
Someone from your housing development must have asked for a re assessment Irene. I paid my tax bill just the other day and it not lower...it is higher. And for those of us in California who used to itemize to take advantage of tax breaks for high state and local taxes and big prop tax bills, we can no longer get that break as it tops out at $10,000. Not even close as prop tax for someone buying their house in the past 10 years or so is much higher than that,
SandyF.....Not as simple as someone asking for a re-assessment and it happening immediately, just wouldn't happen. I am talking about property taxes which might be different in my county than L.A. County. I am very surprised in a good way, have the bills to prove it.

Create a life that feels good on the inside, not one that just looks good on the outside.....
Dr. Judith Wright
While I think shoppers have enough deductions and small enough income that the break might not help that much, the tax break in question is actually good news for other job. I will be losing the ability to write off things that account for just under 20% of my income...and I may fare better.

As far as the property tax; I think it's like the payroll taxes that keep shifting in CA as people start to figure out the rules of the new code. My paycheck may be a bit higher but my tax liability may be as well. I'm both terrified and interested in a few weeks to put all of the numbers together and see where it ends up.
Tax's were supposed to go down with this year with folks getting a bit more on their paychecks...we'll have to see if it's a one time thing.../however, CA is it's own entity. I pay (normally) $4400 a year for my Townhouse taxes, and this year the bill saved me 200.00. Gas prices came down a bit as well. Food is going up, so it's a wash.

Create a life that feels good on the inside, not one that just looks good on the outside.....
Dr. Judith Wright
More in the paycheck does not necessarily equate to a lower tax burden, though. File your taxes and see where it ends up...you could be paying more on the back end.
Seniors (65+) get to keep money, used to be pay 1.00 for every 2$ made, good in my book.

Create a life that feels good on the inside, not one that just looks good on the outside.....
Dr. Judith Wright
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