What the New Tax Bill Means for You

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You can no longer deduct moving expenses under the new tax bill, unless you are a military service member moving to a new base. Sadly, this is probably the biggest bummer in the new law for those who are contemplating a move for work.

Congress passed the Tax Cuts and Jobs Act in December of 2017 which is aimed at cutting taxes for corporations and all Americans. While the bulk of the legislation went into effect January 2018, most taxpayers will not see much of a difference in their taxes until 2019, when they file their 2018 taxes.

But Saturday evening, they inserted language in the bill just. Ways and Means Committee and the sponsor of SB 2, removed a certain posting requirement in newspapers. The new language strikes the.

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.

Is this true, and if so, will you explain. they will pay $2,774 in new tax under the current proposal, where previously they didn’t pay any personal income tax on this income. What does this mean.

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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 .

How will the new tax law affect workers? 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.

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.

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