The Tax Cuts and Job Act: What Does It Mean for American BusinessJonesDay
expenses that can still be deducted as the result tax reform that happened in 2018. Many employee expenses have been discontinued as employee tax deductions - some until 2026, and others beyond that. The Tax Cuts and Jobs Act removed many miscellaneous deductions, including employee expense ...
Job-related expenses for employees are no longer deductible on most people’s federal return in tax years 2018 through 2025 due to the Tax Cuts and Jobs Act (TCJA) that Congress passed and the President signed into law on December 22, 2017. However, the job-related expenses d...
Donald Trump has no shortage of issues he wants to tackle during his second term—extending the Tax Cuts and Jobs Act, securing the border, and tackling burdensome small business regulations among them. But working with allies in Congress to walk back the ill-fated government manipulation of t...
Scrapping the programs can also help pay for an extension of the Tax Cuts and Jobs Act, which has been a lifeline for American small businesses during the weak Biden economy. Rep. Jodey Arrington (R-TX) estimates that ending the student loan bailout can save $200 to $330 billion. ...
Thanks to the new tax plan, now may be the time for workers to negotiate for a bigger paycheck. During his State of the Union address,President Donald Trumpboasted that the Tax Cuts and Jobs Act has benefited a number of U.S. workers due to the lower corporate tax rate, which was per...
Trump, Musk target tax enforcers, rocket scientists, bank regulators for job cuts Andrea Shalal, Pete Schroeder, Jack Queen and Karen Freifeld – Reuters President Donald Trump’s administration targeted on Tuesday bank regulators, rocket scientists and tax enforcers for dismissal, as a federa...
Scottish Labour forced the vote on cuts to teacher numbers in the first set of opposition debates for John Swinney - the new first minister, who served as education secretary under Nicola Sturgeon - and the first since the end of the Bute House Agreement and the government majority in Holyroo...
Trump also saved TikTok, which tens of millions of small businesses rely on to sell and promote. But Trump can only do so much. Now it’s time for Congress to do its part by passing legislation to make the Tax Cuts and Jobs Act permanent. ...