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SEO Content Tax Oct 2018 - "Tax Reform 2.0"

Tax Oct 2018 - "Tax Reform 2.0"

Tax Oct 2018 - "Tax Reform 2.0"

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Tax Reform 2.0



The House Republicans recently introduced legislation that, bundled together, is being referred to as Tax Reform 2.0. Expanding on the Tax Cuts and Jobs Act (TCJA), it’s composed of three main bills that intend to address some of most criticized portions of the TCJA.

H.R. 6760, Protecting Family and Small Business Tax Cuts Act of 2018

Currently, the TCJA tax cuts for individuals and small businesses expire in 2025, but this bill would make them permanent. The bill would also extend the lower 7.5 percent deduction floor for medical expenses through 2020; currently, this provision expires after 2018.Additionally, the bill attempts to clarify the increased child tax credit by making it explicit that a taxpayer identification number is needed to claim any non-child dependent. The estimated cost of these tax law changes is approximately $631 billion over 10 years............



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SEO Content, SEO Website Content, Blog Content, Content Content, SEO Writer, Tax Oct 2018 - "Tax Reform 2.0" Tax Reform 2.0 The House Republicans recently introduced legislation that, bundled together, is being referred to as Tax Reform 2.0. Expanding on the Tax Cuts and Jobs Act (TCJA), it’s composed of three main bills that i