Here is a brief overview of the Tax Cuts and Jobs Act passed by Congress. President Trump signed the bill into law on Dec. 22, 2017, and the changes will become effective in early 2018. Tax brackets.The bill preserves seven tax brackets, but changes the rates that apply to: 10%, 12%...
Washington — Senate Minority Leader Mitch McConnell said he and House Minority Leader Kevin McCarthy conveyed to President Biden during their Tuesday afternoon meeting that changing the Trump-era tax law by increasing taxes is a "red line" when it comes the president's infrastructure proposal. ...
9 Key Tax Law Changes That Millennials Need to Know The TCJA instituted a wide range of changes, including increases or decreases to certain tax breaks as well as the total elimination of others. Here are the nine provisions most likely to impact single young adults and young families. All ...
Learn how federal tax law changes could impact your tax return in 2010 and beyond. Here is a summary of all federal tax law changes between 2010 - 2017.
The popularity of defined benefit plans has been slumping for decades, but thanks to the new tax law, that could be slowing or even reversing. “Although we installed a significant number of new defined benefit plans for clients in years past, including 2017, we expect the adoption rate in...
2017 New Tax Law: Tax Planning—Accelerate Deductible Expenses before Year End January 2018 (No. 2) This client alert is part of a special series on the Tax Cuts and Jobs Act and related changes to the tax code, where Blank Rome’s lawyers share their analysis of different provisions in...
Welcome, 2017! As the New Year rolls around, it's always a sure bet that there will be changes to current tax law and 2017 is no different. From health savings accounts to tax rate schedules and standard deductions, here's a checklist of tax changes to help you plan the year ahead....
Since thetax law changed in 2017, the tax deductibility of interest on a HELOC or a home equity loan depends on how you spend the loan funds. That applies to interest on loans that existed before the new tax legislation as well as on new loans. Here’s how it works. ...
December 29, 2017 at 12:23 pm Are IRA contributions still deductible under the new tax law? I haven’t seen that question addressed. Reply Ben, yes IRA contributions are still deductible; but the limits have changed and there at a certain point are only partially deductible. Fidelity has a...
tax reformstate and local taxeshome mortgage interestGreat Divorce Rush of 2018alimonydivorceThe law formerly known as the Tax Cuts and Jobs Act of 2017 made significant changes to tax deductions for individuals, which can adversely affect some marriedSocial Science Electronic Publishing...