What the New Tax Bill Means for You

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 bill would limit to $10,000 the amount of state and local taxes, including property taxes, that can be deducted annually.

http://swmplanning.money/ @SWMPlanning CORRECTION: Contributions to a 529 plan are NOT Deductible, 529 plans actually work similar to ROTH IRA, so the earnin.

What this means for you: While every little bit helps, these tax breaks are minimal and only impact a select few. High earners with large amounts of student loan debt often phase-out of the $2,500.

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It’s Official: What the New Tax Bill Means for You. Ultimately, how the bill shakes out for each individual or family depends on income and wealth level, family size, what state you live in and whether you own a home, among other factors. Tim Steffen, director of advanced planning at Baird Private Wealth Management,

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.

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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This piece has been updated to reflect the final version of the tax bill. President Trump signed a long-awaited tax bill into law on December 22nd, a few days after it passed the Senate 51-48.

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