What the New Tax Bill Means for You

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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.

The state tax increases are part of the two-year transportation budget that Gov. Mike DeWine signed in April. Here’s what the increase means for drivers. The budget includes a new requirement that.

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CHICAGO (MarketWatch) — The new tax bill now on its way to President Obama for his signature will save every American from a number of tax hikes that would have begun Jan. 1 and will add more.

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 · If you’re planning to give money to a charity, you might want to do it before the end of the year, before the new tax rules kick in. Many taxpayers won’t get any benefit from charitable giving next year because the new, higher standard deduction means more people won’t itemize..

the New York State Senate passed a bill by 39-21 that allows the commissioner of the New York Department of Taxation and Finance to release any state tax return requested by the chair of the House.

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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.

If you’re really a planner, note that currently this rule expires on Jan. 1, 2026, although who knows what might happen to it by that time. But if you moved in 2017, be sure to talk to your accountant or tax preparer about whether you are eligible for the deduction, as this new law didn’t kick in until the 2018 tax year. 2.

 · You may get more help, but the bill includes new restrictions. The child tax credit would increase to $2,000 from $1,000, but the bill would require each child to have a Social Security number to claim the refundable and nonrefundable portions of the.

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