The Tax Cuts and Jobs Act (TCJA) made some changes to the deductibility of both acquisition and home equity mortgage interest. However, these rules are only going to affect taxpayers who itemizes, and many folks will no longer itemize because the TCJA substantially increased the...
The Tax Cuts and Jobs Act of 2017 was signed into law by President Trump on December 22, 2017, and most of its provisions became effective January 1, 2018. The most interesting and impactful provision in the law is the new Section 199A deduction for...
In Memoriam President Trump signed the Tax Cuts and Jobs Act (or, is that the 2017 Budget Reconciliation Act?) on December 22, 2017. Most of the provisions will take effect on January 1, 2018—and the tax code is set to change quite significantly. We’re counting off...
Both the Senate and House passed their versions of tax reform bills back in November, but the two bills had to be reconciled. That happened last week in conference, and we have a final bill— which should be voted on this week and signed by...