Bet you don’t remember this!
Those Trump Tax Cuts (Tax Cut and Jobs Act. They weren’t permanently endowed. No, those provisions expire at the end of the calendar year 2025.
Bet you don’t remember this!
Those Trump Tax Cuts (Tax Cut and Jobs Act. They weren’t permanently endowed. No, those provisions expire at the end of the calendar year 2025.
Agreement- at least in modern day America- comes slowly, if at all.
Of course, when one party takes it upon itself to harm citizens of states that vote for their counterpart, it becomes even more evident why such problems exist.
If you have been reading my blog every day (WHAT? You don’t? Shame on you !) , then you know I have just had a book published. About the new tax law, of course. (There’s at least one more book- NOT about taxes- on its way.)
Do you guys remember when I told you that some Blue States were going to create their own version of tax chicanery to deal with the GOP onslaught on their finances? (We are talking about that $10,000 maximum SALT – state and local taxes- deduction limit.)
By now, you may have been contacted by your employer to change your federal and state exemptions. Both because it’s a new year- and because of the tax law that was enacted last year. Normally, you can follow the instructions that you are provided. (But NEVER choose 9 or more exemptions- even if you think that makes sense, because that sets off alarms with every tax agency. I’m not saying you are wrong- I am just saying, why bring on the aggravation.)
I’m sure you’ve heard that the Senate version of the (creatively named) Tax Cuts and Jobs Act is now going to attack PPACA (Patient Protection and Affordable Care Act), affectionately (sic) known as Obamacare. But, if you don’t truly understand the intracacies of the bill, it will be difficult to discern how NOT collecting the tax penalty on those who don’t enroll in a health care plan can be used to reduce the deficit incurred by the behemoth of a bill. (Sorry for all those negatives- but that’s the true concept.)