Add another item to your holiday shopping list: last-minute tax planning.
Congress has passed the most sweeping overhaul of the federal tax code in three decades. The Republican legislation, which President Trump celebrated on Wednesday, delivers most of its benefits to corporations and the wealthy, but there are key changes that affect individuals.
Continue reading “Now That The Tax Overhaul Has Passed, Here Are Five Moves To Consider Before Year’s End”
The new tax reform bills that passed the House and Senate were built on the “need for speed.” Both versions were rushed along in the hopes of a final measure arriving on the president’s desk before Christmas. But haste makes waste and, in this case, could result in glitches, misinterpretations and loopholes opening when others are closing.
Continue reading “Tax Reform Bills Full Of Errors and Conflicts”
It’s time to review your year-end tax plans. And this year, planning comes with a kicker: Be sure to factor in the odds of tax changes. Both the Senate and the House Tax proposals, while markedly different when it comes to details, would revise tax brackets and pare back some breaks. Proposed changes would apply to post-2017 tax years. Though the scope of any final bill is a moving target, we think passage
Continue reading “Year End Tax Plans”
The House and Senate tax bills are a lot alike. Both plans have similar big-picture themes:
Reduce individual rates, pare back some write-offs, slash the corporate rate to 20%, give tax preferences to individual owners of pass-through businesses and move to a territorial tax regime for multinationals.
Continue reading “The House and Senate Tax Bills”