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· The GOP’s new tax bill, which passed Congress on Wednesday afternoon after one last vote in the House of Representatives and will be signed by.
Tax Reform 2018 Explained. The tax bill previously passed the House – it was a 227-203 vote, no Democrats supported the bill – on dec. 19. Then, the Senate passed the final version of the $1.5 trillion tax bill in the early hours of the morning Wednesday, Dec. 20. The vote was 51-48 along party lines.
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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.
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.
· The House and Senate both voted to pass a final tax bill overhauling the United States code on Wednesday, following a procedural hiccup Tuesday.
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The new blueprint lays out a reduction in the number of tax brackets, fewer deductions and no estate tax. How the Republican tax plan could affect your finances.
Tesla has exceeded the 200,000 threshold, which means the tax credit for all its models has dropped. as an aggressive.
The new bill would limit to $10,000 the amount of state and local taxes, including property taxes, that can be deducted annually.
· On the plus side, Scott tells us that you’ll recoup more for miles driven. Under the old tax regime, you could be reimbursed 53.5 cents for every mile you drove for business purposes. Under the new tax bill, that amount is now 54.5 cents..