Sentences with phrase «new tax bill»

«Before new tax bill, alimony payments paid to a former spouse were treated as a tax deduction for the payer and income to the recipient.

Removing the property tax exemption entirely would have zero impact on most Americans because most Americans are going to take the standard ~ $ 24,000 deduction in whatever new tax bill goes into law.

And while some companies have paid bonuses and boosted pay after the new tax bill passed, more than half of U.S. workers did not receive a raise in 2017.

For the first qualification, Kaplan & Co. are specifically referring to stocks positioned to most benefit from this year's new tax bill, as well as those set to get a boost from record share buybacks.

«Today, after Sen. Marco Rubio said he can't vote for the new tax bill and other Republican senators might be balking too, the market took a hit... how many of you took this moment and treated it as a buying opportunity?

The new tax bill unveiled by Republicans is so simple that taxpayers will be able to file using a postcard, according to GOP lawmakers.

«The abuses in the new tax bill are going to make the costs of conservation easements seem trivial in comparison.»

But with the new tax bill, their effective California tax bills will increase by $ 9,000; a 35 percent increase in taxes for the privilege of living in California.

Three former White House economists weigh in on the new tax bill.

800,000 people will leave New York and California over the next three years due to the new tax bill, conservative economists Arthur Laffer and Stephen Moore said in an op - ed in the Wall Street Journal.

The new tax bill will also have significant effects on depreciation.

April 18, 2018 • Three former White House economists weigh in on the new tax bill.

The Tax Cuts and Jobs Acts is the name of the new tax bill that has gone into effect this year.

Yes, the new tax bill completely eliminates these entertainment deductions.

While the new tax bill offers a lot of helpful deductions and benefits, it also takes a lot of deductions away that previously helped small businesses and their owners.

The biggest and most talked about the change in the new tax bill is the corporate tax cut which we've already discussed.

The new tax bill has been described as, «the most sweeping overhauls of the U.S. tax system in more than 20 years.»

These are just the big ones when it comes to the cons of the new tax bill.

Even though the new tax bill lowers taxes for most Americans, it hasn't resonated very broadly.

Since the standard deduction is typically larger than itemized deductions for most lower and middle - income people, they don't really benefit from the SALT deduction at the present, and that will be even more true under the new tax bill, which nearly doubles the standard deduction.

Here are four main points from the new tax bill that may affect you.

After all, one look at a new tax bill is often enough to make even the most seasoned tax manager scramble to contact their local tax counsel.

In general the new tax bill is a big blow to high - tax states.

Aside from being one of the worst researched and most ill - conceived pieces of legislation in modern history, the new tax bill is very favorable to corporate America.

Many Americans have been keeping an eye on the newest tax bill and thinking about how it affects their finances.

Won't be itemizing your deductions under the new tax bill?

Itemized deductions will mostly stay the same for 2017 tax year (medical deductions improve under the new tax bill).

The new tax bill also allows for double the amount of equipment expensing that a small business can write off each plan year.

With the passage of the new tax bill in December, the Affordable Care Act is effectively being put in limbo by Congress.

Some economists suggest that the new tax bill will widen this gap further.

Year - end tax planning will help you accurately estimate your new tax bill so you have the appropriate amount of tax withheld.

It also allows filers to claim deductions for education expenses, eligible moving expenses (this deduction ends in 2018, under the new tax bill), retirement account contributions and several other categories.

To me it's hard to match the returns of leveraged real estate, especially when accounting for ~ 2 % expected future appreciation... the new tax bill also is great for pass through businesses like rental properties since there will be a new 20 % deduction on taxable rental income.

The new tax bill ranks university endowments on a «dollars per student» basis, taxing those endowments above an arbitrary threshold set by the state.

A provision in the new tax bill is designed to help Florida citrus growers replace trees damaged by huanglongbing and Hurricane Irma.

And with President Trump's new tax bill, star athlete...

Heastie said earlier this week in Albany that it would be crazy to go forward with the millionaires tax because that would add an incentive for the wealthy to flee the state since the the new tax bill would slam the rich by limiting the federal deduction for state and local income taxes.

At Syracuse University and college campuses nationwide, the GOP's new tax bill isn't exactly popular.

Before the ink was dry on our new tax bill, outraged blue states were screaming about the cap on the deductibility of state and local taxes.

The Democratic governor, who is positioning himself for a possible 2020 presidential run, would pay an estimated $ 31,830 in taxes under the provisions of the new tax bill AP Photo

The Democratic governor, who is positioning himself for a possible 2020 presidential run, would pay an estimated $ 31,830 in taxes under the provisions of the new tax bill, according to online calculators run by the Tax Foundation and Tax Policy Center, a joint project of the Urban Institute and Brookings Institution.

«Now, what we're using is in their new tax bill, they eliminated the deductibility for individuals, but not for businesses,» he said.

The new tax bill has a new opportunity zone, which has potential for the Central Terminal.»

But I got my new tax bills, and guess what, my tax bill went up,» said Noreault.

«Under the new tax bill that Congress just passed, the pre-payment of property taxes for 2018, can receive favorable tax treatment by paying it before December 31st,» Fisher said.

In fact, most will enjoy a tax cut because the new tax bill increases the standard deduction for a single filer to $ 12,000 and increases it for joint filers to $ 24,000.