What the New Tax Bill Means for You

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What the new tax law means for you. December 28, 2017 *Updated as of January 2, 2018. On December 22, President Trump signed into law a major overhaul of the American tax code.

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The U.S. Treasury reported that the bill would bring in $1.8 trillion in new revenue. It projected economic growth of 2.9% a year on average.. 2018, Trump proposed a new 10% tax cut focused on the middle class. But. What Does It Mean for You Personally?

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.

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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.

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.

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 .

KAMIN: When you begin to think through what this tax bill means over the long term. jim zarroli, NPR News, New York..

The decline of defined-benefit plans means we need to get the pension back in the private. we see with large plans and bring fees down.” As enticement, the bill also includes tax credits to.

There are several important changes seniors need to be aware of now that could affect not only their tax bill, but other items such as their health care premiums.. What the New Tax Bill Means for You.

The Trump tax plan simplifies the tax structure but reduces revenue by $1.5 trillion.. The Act lowers tax rates but keeps the seven income tax brackets.. By 2025, 8.9% of taxpayers will pay more than they would have under the previous tax law.. The Tax Cuts and Jobs Act: What Does It Mean for You Personally?