President Donald Trump signed H.R. 1, the Tax Cuts and Jobs Act legislation, thereby making it law.
2017 Tax News
The tax reform bill that Congress is expected to vote on this week contains numerous changes that will affect businesses large and small.
The tax reform legislation that Congress will consider this week contains many provisions affecting individuals—and many changes from both the House and Senate bills.
The House of Representatives reapproved tax reform legislation on Wednesday, sending the bill to President Donald Trump for his signature.
The Senate voted early today in favor of the Tax Cuts and Jobs Act, H.R. 1, which the House of Representatives had approved Tuesday.
House and Senate conferees agreed to legislative language of a tax reform bill that is expected to be voted on by Congress next week.
The IRS issued the standard mileage rates for business, medical and moving expenses incurred in 2018.
In anticipation of the possible elimination or reduction of the state and local income tax deduction, some are suggesting that taxpayers should prepay their 2018 state taxes in 2017. Here’s why that probably won’t work.
In the early hours of Saturday morning, the U.S. Senate passed its version of the Tax Cuts and Jobs Act bill by a vote of 51–49.
The SSA said that the maximum amount of wages subject to the 6.2% Social Security tax in 2018 will rise a little more than 1%, after a much larger increase last year.
The version of the tax reform bill passed by the Senate Finance Committee holds several more changes affecting both individuals and businesses.
The U.S. House of Representatives passed the Tax Cuts and Jobs Act bill, H.R. 1, by a vote of 227–205.
The revised chairman’s mark of the Senate tax reform bill contains many significant changes to the proposed legislation.
The committee voted to send an amended version of the Tax Cuts and Jobs tax reform bill to the full House.
Differences include tax rates, treatment of various deductions and a delay in the reduction of the corporate tax rate.
The House’s tax reform bill would make many changes to the taxation of US companies’ foreign subsidiaries.
The House tax reform bill contains a large number of proposed changes that would affect businesses.
From new tax rates to fewer deductions, credits, and exclusions, the tax reform bill released by the House would have wide-ranging effects on the taxation of individuals.
The Tax Cuts and Jobs Act released by the House Ways and Means Committee incorporates many of the provisions listed in the Republicans’ September tax reform framework while providing new details.
The news especially affects taxpayers in recent disaster areas who have received extensions until Jan. 31, 2018, to file their 2016 returns.