What did you really think would happen? Who did you REALLY think would benefit?
“The numbers couldn’t be clearer: Corporations, big shareholders and top corporate executives reap the lion’s share of the gains from the 2017 tax cut, which should be renamed the Shareholder and CEO Enrichment Act of 2017. It didn’t boost economic growth that much, didn’t start a capital spending boom or U.S. manufacturing renaissance, didn’t bring overseas profits back home, and might have led to modest job growth but little discernible wage increases. And we’ll all be stuck with the bill for a long, long time.” 😳😒
FOR 2018 AND BEYOND, THERE IS NO HOME OFFICE TAX DEDUCTION FOR EMPLOYEES THAT WORK FROM HOME!
Please make sure that you are discussing with your CPA or tax professional how the tax law changes are personally impacting you. Schedule an appointment for a consultation here using "Book Now" or via the website below.
Do you PAY alimony and are considering modifying your agreement? With the new tax law changes you may not want to do that. Please note that you will no longer be able to deduct alimony payments for new agreements and modifications made after 12/31/2018. Make sure that you've discussed or will be discussing with your CPA or tax professional how the new tax law changes impact your household and/or your business.