Posts Tagged ‘Tax Cuts and Jobs Act’
Comparing Tax Proposals: Kamala Harris vs. Donald Trump
As the presidential race heats up, it’s crucial to understand the tax proposals from the leading candidates, Kamala Harris and Donald Trump. While these proposals reflect their visions for the country’s economic future, it’s important to remember that any changes would require approval from Congress. Here’s a breakdown of what each candidate is proposing: Kamala…
Read MoreThe Sunset of Key TCJA Provisions: What You Need to Know for Tax Planning
As we approach the end of 2024, several significant provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 are either in the process of phasing out or will sunset completely. These changes will impact both individuals and businesses, potentially increasing tax liabilities across the board. Here’s a breakdown of the provisions that are…
Read MoreFocusing on Employee Health Could Net Organizations Tax Benefits
Employers who provide paid family and medical leave to employees may qualify for a business tax credit through 2019 As the U.S. unemployment rate has seen record lows this year (3.7 percent in August), companies are scrambling to update their recruitment processes and benefits packages to stay competitive in the battle for talent acquisition. As…
Read MoreThe Tax Benefits of Investing in Opportunity Zones
Learn why opportunity zones continue may be an attractive option to some investors thanks to government tax incentives The Tax Cuts and Jobs Act of 2017 (TCJA) brought many changes to the tax law, including changes to the standard deduction and tax brackets. Another big change was the creation of tax incentives for investments in…
Read MoreTax 101 for Gig Economy Entrepreneurs
Remote and “gig” work are on the rise, and that means there are new tax considerations for this new sector of the workforce Many workers across the nation are taking advantage of the rising gig economy—whether taking on side jobs to earn extra income, like driving for Uber on the weekends, or freelancing full-time. Some…
Read MoreHow the 2018 Tax Cuts and Jobs Act May Impact Your 2020
Even though it began in 2018, the TCJA’s effects are only now in full swing. How will it impact you in the next year? Changes in the Tax Cuts and Jobs Act (TCJA), which first went into effect in 2018, have really only been felt now that we’re well into 2019, and 2018 taxes have…
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