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 ...
international taxThe "Tax Cuts and Jobs Act" (TCJA) enacted on December 22, 2017 includes several provisions that raise WTO compliance issues. At least one such provision, the Foreign-Derived Intangible Income (FDII) rule, is almost certain to draw a challenge in the WTO and is likely to...
The Tax Cuts and Jobs Act (the “TCJA”), signed into law in December 2017, and applicable to taxable years beginning after December 31, 2017, contains several provisions that will have a significant impact on specific types of entities and investments. One of the most radical departures from...
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...
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 Individual Tax Reform Provisions of the Tax Cuts and Jobs Act of 2017 Last updated on: 02 jan 18 By Hristo Ivanov, CPA, EA, ADIT resident, nonresident, tax tips On December 22nd, 2017, The President signed the Tax Cuts and Jobs Act of 2017 (Pub. Law 115-97). The long-...
For example, the 2017 Tax Cuts and Jobs Act allowed savers to use 529 plan funds for certain K-12 expenses. The SECURE Act of 2019 allowed 529 funds to be used toward student loan debt payoff for an account beneficiary and their siblings (up to $10,000 per person). It also allowed ...
including those operating in the U.S. Additionally, we will delve into the current status and mechanisms of key elements like U.S. debt and deficit, the 2017 Tax Cuts and Jobs Act (including provisions set to expire by the end of 2025), and potential tax reforms under the Republican adm...
In a Republican-controlled Congress, an extension of the 2017 Tax Cuts and Jobs Act (TCJA) at the end of 2025 via the budget reconciliation process along with efforts to roll back some Inflation Reduction Act (IRA) tax credits is a strong possibility but not a certainty. ...
Trump pledged to make nearly all of the 2017 Tax Cuts and Jobs Act (TCJA) permanent and add the following new tax cuts, according to the Tax Foundation, a policy think tank. Lower the corporate tax rate for domestic production to 15%. ...