What the New Tax Bill Means for You

 · People living in high-tax cities and states. In Westchester County, New York, the property tax deduction alone is worth $5,548 per filer, according to the Tax Foundation. The senate tax bill will include my SALT amendment to allow taxpayers to deduct up to.

And if your tax is wiped out by the tax credits, it is fully refundable (the government writes you a check) for up to $1,400 per child. So, let’s review. You live in Kansas and both you and your.

 · Under the new bill, taxpayers can claim a $2,000 credit for each qualifying child under the age of 17. The tax credit applies to single filers and married couples, and is fully refundable up to.

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Tax. (In New York, for instance, state bills aimed at New York City are typically described as those affecting “a city with a population of one million or more,” as New York is the only such city.

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 .

What the New Tax Law Means for You. The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.

 · http://swmplanning.money/ @SWMPlanning CORRECTION: Contributions to a 529 plan are NOT Deductible, 529 plans actually work similar to ROTH IRA, so the earnin.

Under the current tax plan, you can take deductions for the taxes you pay in state and local income taxes, real estate taxes, and personal property taxes. That means less of your income will be taxed by the federal government depending on how much you pay in taxes to state and local governments.

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Bill de Blasio’s tax plan is basically a supersize version of all the progressive proposals you can imagine. Justin.

What’s in republicans’ tax plan and what it means for you. By .. ambitious and long-awaited tax bill Thursday that seeks to simplify the tax code and reduce corporate rates, the latest step as.