What the New Tax Bill Means for You

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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.

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?

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.

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,

Under the new rules, small employers can offer their. Bloomberg News House panel approves package of industry and low-income tax cuts The House Ways and Means Committee approved a number of bills.

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The Tax Cuts and Jobs Act, passed by Congress today and about to be signed into law by President Donald Trump in the next day or so, is a.

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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.

How the TCJA Tax Law Affects Your Personal Finances.. which means that even if you don't owe tax because your income is too low, you can.

When the Senate passed SB 2 in April, the bill. new provision “just says you can either raise your taxes by 3.5% or you can take up to half a million dollars to go buy a fire truck,” said Martinez.