These tax rates are changing with
the federal tax reform coming in 2018, so be sure that you're up to date on how the new laws affect your investment.
Not exact matches
Even with
federal tax reform up in the air, there are steps taxpayers can take now to save
come April 2018.
The push
comes after the Trump administration has pledged an investment in infrastructure nationally, though that initiative that slowed amid the slog to repeal and replace the Affordable Care Act as well as
federal tax reform.
A Republican - backed advocacy group that supports
tax reform on the
federal level released its latest digital ad this week as the GOP - led plans for the issue have
come into focus.
When Vice President Mike Pence
came to Buffalo this week to discuss the
federal tax reform framework, he focused primarily on how it plans to ease the burden on small business owners and simplify the filing process for most Americans.
These announcements have
come as Cuomo has been working to preempt, then react to recently - passed
federal tax reform legislation that is opposed by New Yorkers across the political spectrum.
The order
comes hours after President Donald Trump signed a sweeping $ 1.5 trillion
federal tax reform bill that caps state and local
tax deductions at $ 10,000 annually.
For the
coming school term, it appears as though a
federal tax credit scholarship program included in a
tax -
reform package may be the mechanism used to fund school choice.
Add to this the
federal government's stated interest in creating more state - based retirement plans for the private sector and various other
reforms coming down the pike, such as the Securities and Exchange Commission's (SEC) liquidity and money market fund
reforms and key Affordable Care Act (ACA) deadlines — think Cadillac
Tax — and it can make a benefit plan adviser's head spin.
We have to be prepared for a perfect storm that might be
coming in 2017:
tax reform, reauthorization of the
federal flood insurance program, and the reinvention of Fannie Mae and Freddie Mac.
Both have said they want to move forward with
tax reform before they go, and the fight over raising the
federal debt ceiling, which is expected to be reached this fall, provides a possible trigger event for them and other lawmakers to
come to agreement on big
tax changes, said Birnbaum.