With the GOP Tax Bill on the verge of passing, President Trump has suggested that this 1.5 trillion-dollar tax cut will be a HUGE Christmas present for the entire United States of America. As with any type of new tax reform, there will be items you hear in the media about the winners and losers. You’ll also hear about the major bullet points including the income tax brackets, the corporate tax cut to 21%, the small business pass through tax cuts, and certainly the minimization of state, local, and property income tax deductions on your itemized deductions. What really separates us from our competition is to work hard on digging several layers down to give you some insight into the small tax changes that you won’t hear about that could affect your bottom line. Here are five things you didn’t know about the GOP Tax Bill Say Goodbye To The Home Equity Loan Deduction – The part of this bill ...
Read More →Five Things You Didn’t Know About The GOP Tax Bill
Dec 23, 2017
Posted
Featured Articles, Gen X & Y Financial Advice, Politics, Taxes
Tagged 529 plan tax advantages, deduct 50% of the meals and entertainment, Home Equity Loan Deduction, home equity loan/HELOC not tax deductible, mortgage deductibility, President Trump tax, Student Loan Forgiveness, student loan forgiveness program, Ted Jenkin, The GOP Tax Bill, your smart money moves
Comments 0