It has been 30 years since there has been a significant tax reform, and the Tax Cuts and Jobs Bill that recently passed is certain to impact
In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike. Take, for example, the new 20% deduction that's available on pass-through income for sole proprietors and LLCs.
This week, Congressional Democrats released a detailed tax hike plan that they promised to implement if given majority control of the House
announced a number of tax-related provisions for 2018, including, of course, For 2018, a high-deductible health plan (HDHP) is one that, for
Helpfully, Congress' non-partisan Joint Committee on Taxation provided some tables to show the effects the new tax reform law will have on
Actions are required before year-end to cash in on some of the tax benefits of the 2017 Tax Cuts and Jobs Act (TCJA). Defer income and
As the positive ramifications of the tax plan are felt, new jobs become available and wages go up, it'll be clear that even the tax cuts directed at
The Republican-controlled Congress pushed through a hasty “Tax Reform” bill late in December of last year with the argument that the high
Of the handful of housing-specific changes made in 2017 as part of tax reform efforts, just one – capping the SALT deduction – has had an
Have a home office? The rules for 2017 remained the same but following tax reform, employees may not claim the deduction in 2018.