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The Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018, [2] Pub. L. 115–97 (text), is a congressional revenue act of the United States originally introduced in Congress as the Tax Cuts and Jobs Act (TCJA), [3] [4] that amended the Internal Revenue Code of 1986.
December 22, 2017 Tax Cuts and Jobs Act of 2017: To provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Pub. L. 115–97 (text) 115-98: January 3, 2018 United States Fire Administration, AFG, and SAFER Program Reauthorization Act of 2017
December 22, 2017: Tax Cuts and Jobs Act of 2017, H.R. 1, Pub. L. 115–97 (text) February 9, 2018: Bipartisan Budget Act of 2018 , H.R. 1892 , Pub. L. 115–123 (text) (PDF) February 14, 2018: Protecting Young Victims from Sexual Abuse and Safe Sport Authorization Act of 2017 , Pub.L. 115-126
The tax changes for 2017 pertain to the tax preparation you'll do in 2018 for calendar year 2017, so don't confuse the two. 1. Tax brackets will be adjusted for inflation
The Tax Cuts and Jobs Act of 2017 signed into law by President Donald Trump put a $10,000 cap on the SALT deduction for the years 2018–2025. [5] The Tax Policy Center estimated in 2016 that fully eliminating the SALT deduction would increase federal revenue by nearly $1.3 trillion over 10 years. [6]
In December 2017, the Senate passed the Tax Cuts and Jobs Act of 2017. [20] On December 22, 2017 President Trump signed into law the tax reform bill passed by the House and Senate. [21] The business community avidly lobbied in support of the bill, which included corporate tax cuts among more comprehensive reform.
[13] [19] [20] The resulting bill, the American Health Care Act of 2017 was initially publicly released by House Republicans on March 6, 2017. [21] The bill was initially withdrawn on March 24 after it failed to gain sufficient House Republican support to pass it, [22] [23] but continuing attempts at compromise led to a new attempt to pass it ...
Marginal tax rates and income brackets for 2017 Marginal tax rate [28] Single taxable income Married filing jointly or qualified widow(er) taxable income Married filing separately taxable income Head of household taxable income 10% $0 – $9,325: $0 – $18,650: $0 – $9,325: $0 – $13,350 15% $9,326 – $37,950: $18,651 – $75,900: $9,326 ...
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