The spotlight may be on the US 2024 presidential election, but tax executives can’t afford to take their eyes off 2025 and beyond. That’s when federal and global tax policies will come to a head. Key individual provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 expire, and chan...
美国国会通过的税改法案-“减税与就业法案”(Tax Cuts and Jobs Act) 这次税改法案是30多年以来对美国税法最大的一次调整。根据最新通过的税改法案,美国的公司税率将下调为20%。 预计特朗普将于2017年底前正式签署批准税改立法。在特朗普签署之前,立法者需要解决此次参议院通过的法案与上个月众议院所通过法案两个版本...
Tax Cuts and Jobs Act Changes to Qualified Transportation Fringe Benefits and the Resulting Impact on Tax-Exempt OrganizationsI. INTRODUCTION Transportation to and from one's place of employment is an important cost that...Sosnojf, Connor M....
Virtually All Taxpayers Are Affected by Changes in the Tax Reform Bill The Tax Cuts and Jobs Act (TCJA) was passed into law at the end of 2017 and made changes that affect all kinds of taxes – individual, corporate, partnership and other “passthrough” business entities, estate, and even...
How the Tax Cuts and Jobs Act changed our tax system. Enacted just before the end of 2017, the Tax Cuts and Jobs Act is a major overhaul of federal income taxation. Most of its provisions affecting individual taxpayers take effect in 2018 and are scheduled to expire eight years later. ...
The new tax bill, The Tax Cuts and Jobs Act (“Bill”), is estimated to add $1.5 trillion to the national debt over the next 10 years. The House Ways and Means Committee begins reviewing the Bill on Monday, November 6, 2017. President Trump has urged Con
After passage by the House and Senate earlier this week, today President Trump signed the "Tax Cuts and Jobs Act" (the "Act") into law. The Act represents the first major revision to the Internal Revenue Code of 1986 in over 30 years. Several of the changes included in the Act directly...
Changes to the federal estate and gift tax exclusion made by the Tax Cuts and Jobs Act (TCJA) effective in 2018 will result in fewer estates being subject to federal estate and gift tax and larger estates owing less federal tax. New York State has a separate estate tax with exclusion amoun...
Yes, the Tax Cuts and Jobs Act is still in effect and will remain so until the end of 2025 for the majority of the changes that were enacted.47 What Was the Tax Rate Before the TCJA? The TCJA changed the tax brackets and the income thresholds for brackets. For example, if you are ...
TheTax Cuts and Jobs Act (TCJA)was a major overhaul of thetax code, signed into law by President Donald Trump on Jan. 1, 2018. The Senate passed TCJA on Dec. 2, 2017, by a party-line vote of 51 to 49. The House passed its version by a vote of 224 to 201.1No House Democrats...