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About East Oregonian : E.O. (Pendleton, OR) 1888-current | View Entire Issue (Jan. 14, 2020)
EASTERN OREGON MARKETPLACE Tuesday, January, 14, 2020 213 4WD 502 Real Estate 2008 Jeep Grand Cherokee lim- ited, all options, excellent con- dition 63,000 1275/OB pictures available 509-540-9861 Happy New Year with Prompt, Courteous, Honest service to represent you in Buying and Selling property--TURN HERE REALTY-- -Email: kjcbaird@ gmail.com or call 541 377 6855 One Realtor accessing all prop- erties for your convenience. TURN HERE REALTY & TRAVEL 305 SW Court Ave Pendleton Looking for a new place to live? The classified ads offer a complete section of homes, apartments, and mobile homes to fit your needs. Check daily for new listings! East Oregonian Page 3A 504 Homes for Sale 504 Homes for Sale 504 Homes for Sale 504 Homes for Sale 4 Bed 2 Bath with 2 large living areas, fenced yard..Reduced-- Come See!! Move in ready with fresh paint and new carpet-- Your new home is waiting for you and its time for the move - Call Kerry 541 377 6855 to tour today # 19644354...$155 000-- TURN HERE REALTY & TRAVEL 305 SW Court Ave Pendleton $159,500 2bed, 1bath cabin on 2acres, Hwy204. Completely remod- eled, cozy loft, wood stove for radiant heat. New metal roof ‘18, new septic ‘12. Jerry 541-969- 6378. #19283322 WHY WAIT! GET YOUR CLASS AD NOW! 2.64 acres minutes from town- Park like setting with Full Water Rights and room for your little farm. 3 bed 2 bath home with huge recreation room, cross fenced, large barn and work- shop $332 000 Call Kerry at TURN HERE REALTY & TRAVEL 541 377 6855 305 SW Court Ave Pendleton (509) 783-2416 NOW HIRING: ESTERN ADIATOR www.bingoblvd.com • Floor Attendant • Retail Clerk • Cook • Server • Pipefitter • CDL “A” • Production Laborers • Floor Installers • Office Admin Best Place in Town to Take a Leak! WIN UP TO Tyler Burnett Manager $10,000 541-276-6468 westernradiator@gmail.com Coldwell Banker Whitney & Associates 541-276-0021 1055 S. Hwy 395, Ste 333•Hermiston 541.567.9670 1008 SE Court Pl. Pendleton Or. 97801 202 N. Main St, Ste 4•Boardman 541. 481.2666 MYBBSI.COM BUSINESS DIRECTORY YOUR GUIDE TO LOCAL PROFESSIONALS Collection Service Construction Complete Collection Service Gary Adams Construction, LLC. • • • • Licensed Bonded No Collection No Fee 461 E. Main Hermiston, OR 97838 650 NE Rose Street (541)289-9107 www.creditsinc.com Flooring & Design Heating & AC HEATING & AIR CONDITIONING SALES • SERVICE • INSTALLATION COMMERCIAL & RESIDENTIAL LOCALLY OWNED & OPERATED 24 HOUR CCB# 215307 NMLS #1850 apmcfamily.com 800-243-8918 541-276-3751 ish Work From Framing to Fin 650 NE Rose Street 541-276-6571 1816 N.W. 48th St • PENDLETON EMAIL: thews@thews.com STATE CONTRS#66036 Painting Opportunity Opportunity Opportunity PAINTING GREAT HOMES FOR 28 YEARS! Excellent Color Advice Free Bids YOUR BUSINESS SHOULD BE HERE! YOUR BUSINESS SHOULD BE HERE! YOUR BUSINESS SHOULD BE HERE! Call 541-278-2670 for details! Call 541-278-2670 for details! Call 541-278-2670 for details! (2009 Business of the year*) 505 E Main Street, Suite A Hermiston, OR 97838 www.wheatlandins.com THEWS SHEET METAL NMLS #311680 Branch Manager melisa@htmgroup.co Heat Pumps Furnaces SERVICE Melisa Webb Ph: 541.701.0545 Fax: 509.936.6111 Its Hard To Stop A Trane EMERGENCY garyadamsconstruction@yahoo.com Mortgage Insurance 541-276-9679 www.asharppainter.com CCB#132851 WA LLC#ASHARPL022QF Pendleton Cham ber of Com m erce TAX GUIDE | TAX STRATEGY Too Much Tax Deferral? It sounds unlikely, but it’s possible you can defer too much taxable income. Deferring your individual or small business income tax is usually a good idea since it gives you more cash and room to breathe before paying. And because most will land in the same or a lower tax bracket in subsequent years, that income would generally be taxed at lower rates. There are many opportunities for both individuals and businesses to defer taxable income. Individuals can prepay expenses and arrange for installment sales or property of like-kind exchanges of real estate, according to the financial news website MarketWatch. Small business owners have more options, including prepaying deduc- tive expenses at year’s end. Late- year invoices in this case will go unpaid until the next year. The Tax Cuts and Jobs Act also provides gen- erous first-year depreciation allow- ances. And you can make deduct- ible contributions to retirement plans, among other opportunities. However, think twice about defer- ments as you could wind up with too much deferral, especially if put off beyond 2020. How? Tax rates for 2020 will likely remain the same as 2019, but indi- vidual cuts could be in jeopardy after next year. Scheduled to remain in place through 2025, those rate cuts could be jettisoned if another political party takes over — and © ADOBE STOCK probably would be if they win the White House, according to MarketWatch, especially for wealthi- er individuals. Now’s the time to sit down with your CPA or tax adviser to consider your potential liability should those rates rise after 2020, especially for business income. One area to keep a close eye on is qualified business income, or QBI. The TCJA created a new 20% per- sonal deduction for QBI from such entities as sole proprietorships or partnerships, among others, known as pass-through entities. But the deduction can’t go beyond 20% of personal taxable income, as figured prior to taking a QBI deduction or before net capital gains. This is where too much deferral comes in: Taking those first-year depreciations or deductibles could potentially lower your QBI deduc- tion. Unlike most deferrable tax income, QBI deductions are per- manent. But because of political uncertainty, those moves may reduce QBI deductions should the presidency and both houses of Congress change hands. This is just another example of how your CPA or tax professional can save you money year-round by helping you keep abreast of potential pitfalls in your tax strate- gy that might mean higher tax rates down the line. Stay tuned and keep your eyes on Washington — and your taxes. 2019 TAX RATES Tax Bracket Single Joint Head of household 10% tax bracket $0 - $9,700 $0 - $19,400 $0 - $13,850 Beginning of 12% bracket $9,701 $19,401 $13,851 Beginning of 22% bracket $39,476 $79,851 $52,851 Beginning of 24% bracket $84,201 $168,401 $84,201 Beginning of 32% bracket $160,726 $321,451 $160,701 Beginning of 35% bracket $204,101 $408,201 $204,101 Beginning of 37% bracket $510,301 $612,351 $510,201
