What the New Tax Bill Means for You

Such has been the case for a significant number of filers this year in particular, as changes to the tax code have resulted in higher bills for some workers. And while owing a bit of money isn’t.

Republicans say it’s a tax cut for the middle class. The biggest winners are the rich. Republicans claim the bill is meant to benefit the middle class, but lower- and middle-class taxpayers will receive moderate tax cuts. The wealthy, by contrast, get a massive windfall, and the corporate tax rate would nearly cut in half.

How will the new tax law affect workers? A coalition of progressive groups is urging the New. bill see it as a way for Congress to be able to examine some of Trump’s tax information while the administration rejects demands from House.

Economy What the Republican Tax Plan Means for You, Your Investments and Your Industry A guide to the Journal’s best tax coverage

New York. s state tax returns. The bill requires the state to release the president’s state tax returns-along with the returns for certain other federal officeholders-for any legitimate purpose.

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.

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