Posts Categorized: Tax News
2017 Year End Tax Saving Tips
Since both the House and the Senate bill have the same intentions to eliminate many itemized deductions, now is a good time for itemizers to consider taking advantage of the following tax tips before the end of 2017. It is reasonable to speculate that the final tax bill, once it is signed into law, will… Read more »
Senate Version of the New Tax Bill
The Senate Finance Committee revealed their version “Tax Cuts and Jobs Act” on November 9. The changes are too numerous to list, and this post focuses on the highlights of the proposal. Most of the changes are effective for tax-years beginning after 12/31/17. Like the House Version, the Senate’s nearly doubles the standard deduction for each… Read more »
Things to Consider About New Tax Bill
The House of Representatives revealed their proposed “Tax Cuts and Jobs Act” this week. The bill is touted as tax relief to middle income families, but in reality, with the loss of many adjustments to income and Schedule A deductions, it is difficult to determine who will benefit from this tax bill. The media is… Read more »