Congress passes biggest tax bill since 1986 On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that promises to entirely change...
The Tax Cut and Jobs Act (TCJA)
On December 22, President Trump signed into law H.R. 1, the “Tax Cuts and Jobs Act,” a sweeping tax reform law that promises to entirely change the tax landscape. Here is a quick rundown of some of the key changes affecting individual and business taxpayers. Except where noted, these changes are effective for tax years beginning after December 31, 2017.
Congress passes biggest tax bill since 1986
On December 20, the House passed the Tax Cuts and Jobs Act of 2017 (TCJA), which the Senate had passed the previous day. It’s the most sweeping tax legislation since the Tax Reform Act of...
Key Provisions of the Tax Cuts and Jobs Act
On December 15, the Conference Committee—having reconciled and merged the differing House and Senate provisions into a single piece of legislation—released the “Tax Cuts and Jobs Act,” a...