The Tax Cut and Jobs Act of 2017 capped state and local tax deductions. We show that this new cap primarily affects households in the top percentile of the income distribution residing in high-tax, high-cost cities. We develop a new dynamic spatial equilibrium model to evaluate the impact ...
Overview of the TCJA Bill On December 20, 2017, the House passed the reconciled tax reform bill, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate had passed the previous day. It’s the most sweeping tax legislation since the Tax Reform Act of 1986. The ...
1.税收悬崖:2017年推出的《减税和就业法案》(Tax Cuts and Jobs Act,TCJA) 2025年到期,不延长的话企业要死一片,延长的话那美国政府每年赤字就会上涨1个点。 2.企业债炸:2025年将有超过1.07万亿美元的美国企业债到期,且高风险高收益的企业债占比很大,再借债的话4.5%利率起步,如果没有其他补助那这些企业关门大...
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...
THE TAX REFORM LEGISLATION ENACTED IN LATE 2017,known as the Tax Cuts and Jobs Act (Pub. L. No. 115-97) (the Tax Act), made relatively few far-reaching and substantive changes in the area of executive compensation and employee benefits. These changes, summarized in this article,...
Tax Cuts and Jobs Act JEL classification codes G12 G14 H25 024 1. Introduction On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA or the Act) into law — the only major structural change to U.S. corporate tax law since the Tax Reform Act of 1986 and the...
On December 22, 2017, President Trump signed sweeping tax reform legislation (H.R. 1) into law. The new law, commonly known as the Tax Cuts and Jobs Act, makes significant changes to the Internal Revenue Code that will have an impact on individuals, pass
The Tax Cut & Jobs Act of 2017 brings another set of impacts. A more generous Child Tax Creditwill increasefrom $1,000 to $2,000 per child under the age of 17, which could lead to refunds of up to $1,400. Earned Income Tax Creditwas raisedby up to $6,431 for married taxpayers...
This page is designed to help you keep abreast of legislation and understand its impact through insights from trusted Deloitte tax specialists.
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 tax-exempt organizations. ...