These numbers will be adjusted annually for inflation based on the chained consumer price index (C-CPI-U). For more on the Tax Cuts and Jobs Act, click here. Source: Joint Explanatory Statement of the Committee of Conference, p. 13 (pdf) Posted by Joel D. Roettger, JD, LLM, EPLS
Read More »The IRS has issued new guidance on recharacterization of Roth conversions, and it is good news for taxpayers who converted in 2017.
Read More »Beginning January 1, 2018, Section 1031 like-kind exchange tax deferral will no longer apply to exchanges of tangible personal property. Under the Tax Cuts and Jobs Act, only real property will qualify for tax deferral in a like-kind exchange.
Read More »Starting in 2018, 529 plans can be used to pay tuition expenses for elementary and secondary schools, thanks to the Tax Cuts and Jobs Act.
Read More »Under the tax bill formerly known as the Tax Cuts and Jobs Act, the individual mandate has not been repealed, it has just been told to stand quietly in the corner in 2019.
Read More »The tax bill formerly known as the Tax Cuts and Jobs Acts adds new Section 199A, the Qualified Business Deduction. Here is what you need to know.
Read More »The Tax Cuts and Jobs Act includes three provisions related to charitable giving.
Read More »Despite efforts by the House, the Tax Cuts and Jobs Act does NOT scale back the Johnson Amendment.
Read More »If the Tax Cuts and Jobs Act passes, the number of estates subject to the death tax is about to get even smaller, at least temporarily.
Read More »Don’t bother.
Read More »The rules will change–and not for the better–in 2018, assuming the Tax Cuts and Job Act passes.
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