What the New Tax Bill Means for You

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"Here you have a president. Mr. Trump’s state tax returns, that doesn’t mean the public gets to see them. Under federal law, the confidential information in the returns is supposed to be for the.

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This piece has been updated to reflect the final version of the tax bill. President Trump signed a long-awaited tax bill into law on December 22nd, a few days after it passed the Senate 51-48.

About 40 years ago, he created a savings plan with employee pre-tax. Means Chairman Richard Neal’s spokesperson said he.

What the New tax bill means for You The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

If you’re really a planner, note that currently this rule expires on Jan. 1, 2026, although who knows what might happen to it by that time. But if you moved in 2017, be sure to talk to your accountant or tax preparer about whether you are eligible for the deduction, as this new law didn’t kick in until the 2018 tax year. 2.

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Read more: Here’s a look at what the new income tax brackets mean for every type of US taxpayer. you don’t have to pay all at once Regardless of when you file your tax return, your 2018 tax bill is.

What’s in Republicans’ tax plan and what it means for you. By .. ambitious and long-awaited tax bill Thursday that seeks to simplify the tax code and reduce corporate rates, the latest step as.

Off the bill: After ohio democrats filed Statehouse ethics complaints, state Rep. Candace Keller is no longer co-sponsoring a.

WASHINGTON – A little-noticed provision in President Trump’s sprawling new tax law is treating. it included the change to kiddie tax rates for unearned income. When the Ways and Means Committee.

The House passed a new tax bill on December 20th, causing a lot of uproar and anger for many. But what exactly is in this tax bill, and what does it mean for you? The most controversial aspect of this bill is the large tax cut for corporations. While there are some tax cuts for small businesses, the majority of the cuts will go to large.