TheFederal Reserveprojected growth of 2.5% in 2018, 2.1% in 2019, 2.0% in 2020, and 1.8% over the longer run.30Real GDP data for the years after the TCJA show the following growth rates. The 2020 GDP was significantly affected by the COVID-19 epidemic.31 ...
Under the TCJA, the SALT cap expires at the end of calendar 2025 unless the next president and Congress keep it alive. As lawmakers decide what to do, they'll be debating such issues as the nation's fiscal health, the interests of state and local governments, and tax fairness. ...
eliminated the general deduction of business entertainment expenses under Sec. 274(a). The TCJA mostly left intact, however, the deductibility of food and beverage expenses as a business expense (generally, at 50% of the expense amount). But because of a long-standing understanding and practice ...
TheFederal Reserveprojected growth of 2.5% in 2018, 2.1% in 2019, 2.0% in 2020, and 1.8% over the longer run.30Real GDP data for the years after the TCJA show the following growth rates. The 2020 GDP was significantly affected by the COVID-19 epidemic.31 ...