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What the New Tax Bill Means for You

 · What the New Tax Bill Means to You . The Tax Cuts and Jobs Act. A few days before Christmas, the Senate passed the Tax Cuts and Jobs Act by a party-line vote of 51 to 48. Regardless of your political affiliation, it’s hard to argue that this is the biggest tax.

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NEW ORLEANS – Would you vote for another property tax. He’s got plenty of company in seeing higher tax bills. Reluctantly, Hebert is now considering his options. ALSO: US economic growth failed to.

What the New Tax Bill Means for You The enactment of the Tax Cuts and Jobs Act represents "the most sweeping overhaul of the U.S. tax code in more than 30 years." 1 For millions of Americans and businesses it means an altered financial and investment landscape with new opportunities and challenges in the years ahead.

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To see how Trump’s tax plan affects you personally, use this federal income tax calculator. How It Affects Businesses. The tax plan helps businesses more than individuals. Business tax cuts are permanent, while the individual cuts expire in 2025. But the nation’s largest private employer, Walmart, said it will raise wages. It will also use the.

CHICAGO (MarketWatch) — The new tax bill now on its way to President Obama for his signature will save every American from a number of tax hikes that would have begun Jan. 1 and will add more.

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.

The new bill lowers the corporate tax rate from 35 to 21 percent. How does it impact my personal income tax? The bill keeps the seven tax brackets while reducing the rates for five of them.

It’s Official: What the New Tax Bill Means for You. Ultimately, how the bill shakes out for each individual or family depends on income and wealth level, family size, what state you live in and whether you own a home, among other factors. Tim Steffen, director of advanced planning at Baird Private Wealth Management,

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