by Solange Lopes | Jan 23, 2018 | Working Mom & Woman Tips
As of December 2017, a new tax reform law has been signed into effect, affecting working parents and families in significant ways. Depending on their particular circumstances, some working parents may notice an increase in their taxes, while others may be getting a break.
If you are a working parent, here are 5 ways you and your family be impacted tax-wise going forward:
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If you’re married, your family may benefit from a tax cut
The new tax bill doubles your standard deduction as a married couple, which translates into a tax cut for most families. However, if you happen to reside in an expensive city and you itemize your deductions, you may be at a disadvantage. The reason for this is that sales and property taxes, as well as state individual income deductions have been capped at a total of $10,000, which limits how much you can deduct if you are in those expensive cities.
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If you’re in a high-income household, you may get a sizable break
Higher-income households, most specifically those earning between $500,000 and $1 million per year, will benefit from the biggest tax break. It may sound unfair but it’s the reality.
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No such luck for single parents
If you happen to be a single parent, you may have relied previously on a number of personal exemptions that were associated with filing as “head of household”. The new tax bill has done away with these personal exemptions, which means that a single parent would incur more taxes than a married family, and this despite the doubling of the standard deduction.
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You will benefit from a larger child tax credit
The child tax credit has been doubled to $2,000 from $1,000. The refundable portion is also larger than it used to be, which will benefit more lower-income families. However, in the end, wealthier families will still benefit more than single families.
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our family may have access to more paid leave
The new paid tax leave credit for companies encourages businesses to offer employees earning less than $72,000 up to 12 weeks of paid leave in exchange for a tax break. This may benefit working parents who desire to take more paid leave.
Got any tax-related questions? Click HERE to contact our sister consulting website SW Consulting.
To Your Success,
The Corporate Sister
by Solange Lopes | Jan 22, 2018 | Career
Workwear: Ruffle-Cuff Sheath Dress – Photo credit: macys.com
Our Workwear feature presents various pieces of work-appropriate attire at different price ranges and sizes.
This Lauren from Ralph Lauren patterned sheath dress from Macy’s is the epitome of professional boho chic. The ruffled cuffs are an original addition to this otherwise classic sheath dress that’s also perfect from desk to dinner. It’s available in sizes 0 through 12 at Macy’s.
I also like this similar Calvin Klein two-tone bell sleeve sweater dress, also from Macy’s.
Check out prior workwear recommendations here, here, and here too!
What pieces of workwear would you like us to feature? Email us at corporate@thecorporatesister.com!
This post contains affiliate links and The Corporate Sister may earn commissions for purchases through links in this post. Thank you!
To Your Success,
The Corporate Sis.
by Solange Lopes | Jan 22, 2018 | PODCAST
Welcome to Episode #13 of The Corporate Sister Podcast! This episode is all about Productivity in our small businesses. In the episode, I lists 12 small business productivity tips that especially apply to us as working women.
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The Corporate Sister.
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by Solange Lopes | Jan 22, 2018 | Career
Being productive, especially as working women, is always a challenge. No matter how motivated you may be, accomplishing your goals and objectives as efficiently and productively as possible is rarely an easy feat. You may have discipline and great habits already in place. However, without the motivation to take you from planning to execution, there is no hack or tool that can help you muster the productivity you need.
In order to keep yourself motivated, you need to be inspired. This is one of the reasons why I love motivational quotes, as I can take them with me anywhere on the slowest day or week to keep me going. When these quotes are coming from women whose work I particularly admire, they’re even more impactful. These women have mastered the art of being productive through their careers, businesses and art, and have opened the doors for the rest of us to strike our own marks.
Here are 10 motivational quotes on productivity from kickass women like you to get you pumped as you tackle your goals and objectives:
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“And at work I have a rule that you’re not allowed to come into my office unless you’re coming into my office with a solution to a problem, and not (only) with a problem.” – Shonda Rhimes
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“I’ve accepted my procrastination as part of who I am. As such, I do designate days where I allow time for procrastination.” – Issa Rae
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“I build in 15-minute breaks so that I can take some quiet time and close on one meeting before I go to the next. I’m a big believer in taking time to pause and reflect, particularly when you’re working on some of the big challenges in the world.” – Melinda Gates
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“After I had Malia, I began to prioritize exercise because I realized that my happiness is tied to how I feel about myself. I want my girls to see a mother who takes care of herself, even if that means I have to get up at 4:30 so I can do a workout. …” – Michelle Obama
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“I really try to ask myself the question of nine. Will this matter in nine minutes, nine hours, nine days, nine weeks, nine months or nine years? If it will truly matter for all of those, pay attention to it.” – Whitney Wolfe , CEO of BumBle
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“Protect the time and space in which you write. Keep everybody away from it, even the people who are most important to you.” – Zadie Smith
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“I don’t listen to anything while I work — I prefer silence in order to be most productive, but I do occasionally steal away for a few minutes to meditate and get refocused”. – Katia Beauchamp, CEO of Birchbox
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“One, I have to realize that I’m not in control of everything, but I am in control of some things, and I am in control of my reactions. I am in control to my responses to pressure.” – Janelle Monae
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“Perfection is the death of all good things, perfection is the death of pleasure, it’s the death of productivity, it’s the death of efficiency, it’s the death of joy.” – Elizabeth Gilbert
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“Be curious, don’t retire, and keep very active. Never stop working at something”. – Martha Stewart
What other productivity quotes for kickass working women would you add to this list?
To Your Success,
The Corporate Sis.
by Solange Lopes | Jan 19, 2018 | Career
Welcome to our weekly career, entrepreneurship, lifestyle and fashion news roundup! Think of it as your online watercooler/work gossip station/coffee break spot for now…Want to add anything to our list? Email us at corporate@thecorporatesister.com!
Cheers!
To Your Success,
The Corporate Sister.
