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 bill makes small reductions ...
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...
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....
The Tax Cuts and Jobs Act (TCJA) of 2017 made some significant changes to the Child Tax Credit. It also created the Credit for Other Dependents. However, the changes and the new credit are only temporary – they’re currently scheduled to expire after the 2025 tax year. Congress may exten...
BATTERSBY, MARK E.Pit & Quarry
The Tax Cuts and Jobs Act (TCJA) became effective seven years ago as a major Trump administration tax code overhaul, making it the biggest change to tax law and policy in recent decades. (That's why the TCJA is also known as the "Trump tax cuts.") However, many key provisions in th...
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 (TCJA) was a major tax code overhaul signed into law in 2018 by President Trump in his first term. TCJA cut taxes for shareholders and individual taxpayers alike. However, cuts for individuals expire in 2025 unless the Act is extended. ...
Tax Cuts and Jobs Act SUMMARY The House of Representatives and Senate have both passed the “Tax Cuts and Jobs Act.” The compromise bill includes agreements on corporate and individual tax rates, the treatment of pass-through income, the estate tax, and itemized deductions such as those for ...
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. ...