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What the New Tax Bill Means for You

Tax reform 2018: Breaking down the changes to US tax laws What the new tax law means for you. December 28, 2017 *Updated as of January 2, 2018. On December 22, President Trump signed into law a major overhaul of the american tax code.

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Tax Resources; Contact; What the New tax bill means for You. The enactment of the Tax Cuts and Jobs Act represents “the most sweeping overhaul of the U.S. tax code in more than 30 years.” 1. For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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Not only is she concerned about the $18,500 property tax bill on her home in Wantagh, New York, she’s also unsure what it means to lose the exemptions. according to a study from NerdWallet. If.

Tax Resources; Contact; What the New Tax Bill Means for You. The enactment of the Tax Cuts and Jobs Act represents “the most sweeping overhaul of the U.S. tax code in more than 30 years.” 1. For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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What the New Tax Bill Means for You. The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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Under the current tax plan, you can take deductions for the taxes you pay in state and local income taxes, real estate taxes, and personal property taxes. That means less of your income will be taxed by the federal government depending on how much you pay in taxes to state and local governments.

The House passed a new tax bill on December 20th, causing a lot of uproar and anger for many. But what exactly is in this tax bill, and what does it mean for you? The most controversial aspect of this bill is the large tax cut for corporations. While there are some tax cuts for small businesses, the majority of the cuts will go to large.