What the New Tax Bill Means for You

On Thursday night’s Democratic debate stage, at least one candidate might mention the idea of supplying you with free cash.

The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.S. corporations, but a mixed bag of give-and-take for individual taxpayers, with benefits.

Much of the news surrounding Congress’ new tax bill has focused on politics – but what does it mean for you as an Illinois taxpayer? In condensed form, here are some of the changes and how.

3 Things to Know in the Housing Market Today! Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, and the outlook for an economic slowdown. 1. Interest Rates. One of the most important things to consider when buying a home is the interest rate you will be charged to borrow the money.

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 this means for you: While every little bit helps, these tax breaks are minimal and only impact a select few. High earners with large amounts of student loan debt often phase-out of the $2,500.

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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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.

How The New GOP Tax Bill Will Affect You 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.

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.

Economy What the republican tax plan means for You, Your Investments and Your Industry A guide to the Journal’s best tax coverage