What the New Tax Bill Means for You

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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.

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.

That said, many folks are wondering what’s in the bill and how it might affect them. Here’s a recap of some of the major tax provisions in the new tax bill and how they may impact you. Lower Tax Rates and Changed Income Ranges. The bill retains the seven tax brackets found in current law, but lowers a number of the tax rates.

Republicans say it’s a tax cut for the middle class. The biggest winners are the rich. Republicans claim the bill is meant to benefit the middle class, but lower- and middle-class taxpayers will receive moderate tax cuts. The wealthy, by contrast, get a massive windfall, and the corporate tax rate would nearly cut in half.

Trump’s tax returns have been treated as a Holy Grail that would unlock the secrets of his wealth and, depending on where you.

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A third comment came from Fayette Libertarian Party Vice Chairman Danny Dolan, who noted that though home values are.

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.

The New. of tax returns by statewide elected officials including the president of the united states. governor andrew cuomo has indicated that he would sign the bill. Not to be outdone, Congressman.

What Trump’s victory means for you and your taxes. Trump’s fellow Republicans may be reluctant to oppose the new sheriff in town.. Check out this calculator that shows your tax bill.