Confused about the New Tax Law? Liberty Tax Hosts Free Tax Talks - Kingwood

Published: Sep 12, 2018, 10:00am

Liberty Tax, located at 1309 Kingwood Drive, will host free Tax Talks* this Fall to help taxpayers better understand the Tax Cuts and Jobs Act and how it will affect their income tax returns. A recent survey by Liberty Tax suggests that many would benefit from a seminar on the new tax law, as many individuals are unaware of its impact to their tax return.

In the survey** of about 1,000 taxpayers, Liberty Tax found that:

• Nearly 68 percent could not identify that standard deduction has nearly doubled under TCJA, an issue widely discussed after President Trump signed the new tax law;
• 84 percent could not identify that the personal exemption has been eliminated under TCJA, a change that will affect taxpayers with qualified dependents;
• 66 percent did not know that individual tax breaks in TCJA end at the close of 2025, and more than 23 percent thought the tax cuts were permanent.

Tax Talks are free, informative sessions led by the tax professionals at Liberty Tax. They break down the tax information in a way that audience members can understand. They also provide taxpayers with answers to some of their tax questions.

"We know how valuable and important this information is, and we want to share it with the community," said Maria G. Fuguet, Manager of Liberty Tax in Kingwood.

Along with scheduled Tax Talks, Liberty Tax will host free Tax Talks for groups or organizations in the area. Groups that want to schedule a Tax Talk can call the office at 281-348-2546.

Liberty Tax Service is a full-service tax preparation company. Our tax professionals help individuals and businesses with tax issues large and small, from filing annual returns to understanding the tax implications of life changes.

To find a local Liberty Tax office, call 866-871-1040 or visit www.libertytax.com. Liberty Tax does take appointments, but they are not necessary.

*The information contained during this seminar is provided for informational purposes only, and should not be construed as professional advice.

**The data for this survey was collected using SurveyMonkey Audience and respondent recruitment information is available here: www.surveymonkey.com/mp/audience. SurveyMonkey is not associated with, nor does it endorse or sponsor the content included in this poll.

About Liberty Tax, Inc.
Founded in 1997, Liberty Tax, Inc. (NASDAQ: TAX) is the parent company of Liberty Tax Service. During tax season 2017, Liberty Tax prepared over two million individual income tax returns in more than 4,000 US/Canadian offices and online. Liberty Tax's online services are available through eSmart Tax, Liberty Online and DIY Tax. Liberty Tax also supports local communities with fundraising endeavors and contributes as a national sponsor to many charitable causes. For a more in-depth look, visit Liberty Tax Service and interact with Liberty Tax on Twitter and Facebook.