Major tax reform typically only occurs once every decade or few. But after a tumultuous series of negotiations in both the House and Senate, a final reconciled version of the Tax Cuts and Jobs Act of 2017 appears to be heading shortly to President Trump for signature. The legislation...
In the US, the Tax Cuts and Jobs Act of 2017 (TCJA) was the signature fiscal policy act of newly elected President Donald Trump. Within the TCJA, corporate and individual taxes were lowered and offset somewhat by the removal of homeowner beneficial tax deductions. This paper explores the ...
The Tax Cuts and Jobs Act (TJCA) was signed into law in 2017. The act nearly doubled the standard deduction and eliminated or limited many itemized deductions.1As a result of the act, many people who used to itemize on Schedule A took the standard deduction instead. Below is a list of...
On December 20, 2017, for the first time in 30 years, Congress passed major tax legislation in the form of the Tax Cuts and Jobs Act of 2017, Pub. Law No. 115-97 (Act), signed into law by President Donald J. Trump on December 22, 2017. ...
A key selling point of the2017 Tax Cuts and Jobs Actwas that it would discourage multinational corporations from funneling billions in profits to offshore tax havens, bringing that money back to the U.S. where it could create jobs and boost economic growth. But a recent analysis concludes tha...
The Tax Cuts and Jobs Act (TCJA)—enacted on January 1, 2018, under President Donald Trump—is significant legislation that altered many parts of the federal U.S. tax code. Many of its provisions are scheduled to sunset in 2025.
As many of you are already aware, the Tax Cuts and Jobs Act of 2017 (Tax Act) was signed into law on December 22, 2017. The Tax Act makes a wide variety of changes to the Internal Revenue Code covering a broad range of estate, income, corporate, and other taxes. Some taxpa...
Ten 2017 Yearend Tips Influenced by The Tax Cuts and Jobs Act (“TCJA”) December 22,2017 President Trump signed the TCJA into law on Friday, December 22, 2017. Cautionary notes: The specific applications and appropriateness of these general comments will vary, based on individual circumstances...
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间的区别问题。预计下周一参众两院代表就会开始着手解决两个版本之间的分...
The Tax Cuts and Jobs Act was signed into law on Dec. 22, 2017, under former President Trump. The plan brought significant changes to the U.S. tax system, reducing the corporate tax rate and simplifying individual income taxes. The legislation set a flat corporate tax rate of 21% for aC...