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.

Dustin Burrows, the bill’s author and chair of the tax-writing Ways and Means Committee. While the bill makes the. The House’s revision eliminated that definition and inserted a new allowance to.

What does GOP tax bill mean for homeowners? Bill Ritter. that you’re depleting from the ground with assets that will continue to generate wealth over time,” he said.

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.

After months of internal debate among Republicans, the House Ways and means committee released the details of its plan to overhaul the U.S. tax code. Here is a look at all of the details.

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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.

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.

That said, many folks are wondering what’s in the bill and how it might affect them. Here’s a recap of some of the major tax provisions in the new tax bill and how they may impact you. Lower Tax Rates and Changed Income Ranges. The bill retains the seven tax brackets found in current law, but lowers a number of the tax rates.

Bills and a baby: Colorado Sen. Brittany Pettersen is breaking new ground Helen H. Last week we brought you the first two.

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