What The Child Tax Credit Looks Like After Tax Reform
Under the tax reform bill, the existing child tax credit has been expanded. Here’s what the new child tax credit – with a refundable portion – looks like and who can benefit.
Under the tax reform bill, the existing child tax credit has been expanded. Here’s what the new child tax credit – with a refundable portion – looks like and who can benefit.
With all of the focus on new tax rates after Congress green-lighted tax reform, it’s easy to forget that some of the biggest changes don’t have anything to do with tax rates: They’re about deductions. Here’s how Schedule A will be affected for the 2018 tax year.
Got questions on tax reform? I’m sorting through my Ask The Taxgirl inbox and answering reader questions about the final version of the tax reform – from alimony to contingency fees to medical expenses.
We appear to have a deal on taxes. From changes to the home mortgage interest deduction to what wasn’t included in the charitable donation deduction, here’s what’s in the final tax reform bill.
You can’t go anywhere these days without hearing about those tax proposals. Tax law can be tricky. If you don’t know your personal exemption from your standard deduction, or your Schedule A from your Schedule C, I’ve got you covered. Here’s what you need to know:
The Senate passed their version of tax reform this week. Here’s how their version differs from the House version – and from current law.
Senate Republicans got a win last night when the final version of their tax reform bill passed, 51-49. The vote was largely along party lines: only one Republican, Sen. Bob Corker (R-TN), voted against it, and no Democrat voted in favor.
Republicans in the Senate have announced that they believe they have enough votes to move their latest version of the tax reform bill forward. The National Association of Realtors (NAR) is warning that the bill will cause housing prices to drop.
As Senate leaders search for ways to make the numbers work, Republicans believe they might have a solution. Although there was no mention of Obamacare repeal in either of the House or Senate original plans, Republicans plan to include language to repeal the Affordable Care Act’s individual mandate.
Senate Republican leaders have now released their version of tax reform. Here’s how it compares to the House Tax Cuts and Jobs Act.