The Tax Cuts and Jobs Act (H.R. 1) was signed by President Trump on December 22, 2017. With it, many deductions, tax credits and tax exemptions have changed. Households may be seeing a difference in their tax refund this coming year, both positively and negatively. Depending on your specific lifestyle – whether you have many children, care for an elderly person or pay alimony, you are affected by this new federal tax plan.
Changes in Tax Deductions
The Tax Cuts and Jobs Act doubles the s...Read More »
Days before the holidays President Trump signed the Tax Cuts and Jobs Act (H.R. 1), which marks the biggest tax reform in 30 years. This federal law affects all cities in the United States and many of the provisions went into effect on January 1, 2018. It is important to understand not only how this affects you, but also to what degree your tax return might change during tax filing season. Of course, before the final Act was presented to the President for his signature, Congress went back and fo...Read More »
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