The Tax Cuts and Jobs Act of 2017: How It Affects Your BusinessJonesDay
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. T...
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 ...
By Ken Perez, vice president of healthcare policy,Omnicell, Inc. Ken Perez H.R. 1, The Tax Cuts and Jobs Act (TCJA), gained passage in the Senate (by a 51-48 vote) and the House (by a 224-201 vote) on Dec. 20, 2017, and two days later, President Donald Trump signed the bi...
On Nov. 1, Rep. Kevin Brady, R-Texas, introducedH.R. 1, the Tax Cuts and Jobs Act (the Act). The Act is a substantial tax reform plan that proposes sweeping changes to individual and corporate tax rates and to itemized and business deductions. It also proposes the repeal of the alte...
The Tax Cuts and Jobs Act (TCJA)—signed into law by then-president Donald Trump on December 22, 2017—is significant legislation that altered many parts of the federal U.S. tax code. The goals of the act were to lower the taxes of many American individuals, households, and corporations,...
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. ...
Part of the Series Understanding Small Business Taxes: A Comprehensive Guide 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 ...
The Tax Cuts and Jobs Act of 2017 (TCJA) made many changes to federal income tax law, but none of them may be as important to the functioning of our federal system as the changes the Act made to the deduction for state and local taxes. The Act, by decreasing taxpayer savings for stat...
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...