What the New Tax Bill Means for You

You can no longer deduct moving expenses under the new tax bill, unless you are a military service member moving to a new base. Sadly, this is probably the biggest bummer in the new law for those who are contemplating a move for work.

The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.S. corporations, but a mixed bag of give-and-take for individual taxpayers, with benefits.

 · What the 2017 budget means for you.. 2017-18 The changes to the income tax threshold and NI calculations mean their tax bill goes down £1,000, leaving them with.

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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.

The U.S. Treasury reported that the bill would bring in $1.8 trillion in new revenue. It projected economic growth of 2.9% a year on average.. 2018, Trump proposed a new 10% tax cut focused on the middle class. But. What Does It Mean for You Personally?

"We want to set them at a rate where we are trying to maximise revenue, and that doesn’t always mean that you. his new.

That means. table. You ask the dealer if you can make a million-dollar bet on one roll of the dice. He agrees. When you.

The House passed a new tax bill on December 20th, causing a lot of uproar and anger for many. But what exactly is in this tax bill, and what does it mean for you? The most controversial aspect of this bill is the large tax cut for corporations. While there are some tax cuts for small businesses, the majority of the cuts will go to large.

The House bill’s proposed modifications to the American opportunity tax credit and lifetime learning credit also did not make it into the final act. Education provisions The act modifies Sec. 529 plans to allow them to distribute no more than $10,000 in expenses for tuition incurred during the tax year at an elementary or secondary school.