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 ...
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 (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,...
“[a]n Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018” (referred to hereinafter as the “Tax Cuts and Jobs Act of 2017” or (“the TCJA”)), enacting the most sweeping tax reform bill in 30...
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. ...
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...
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. ...
美国2025年的大坑: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
When the Tax Cuts and Jobs Act of 2017 (TCJA) introduced sweeping changes to the tax code, the new, flat, 21% rate for C corporations got all the buzz. While a reduction from a potential maximum of 35% to a flat 21% was indeed newsworthy, that particular provision of the TCJA didn...
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...