Friday, December 14, 2018

Everything You Need to Know About the New Tax Law—Before the End of the Year - WSJ

Everything You Need to Know About the New Tax Law—Before the End of the Year - WSJ
"A year ago, Republicans in Congress enacted the largest tax overhaul in a generation.
Most provisions are now in effect.
...The Tax Policy Center estimates that about 65% of filers will get an income-tax cut for 2018, while about 6% will get an increase.
But those broad categories of winners and losers mask scores of changes that affect everything from child credits to state-tax deductions.
With Dec. 31 in sight, now is a good time to review these changes, as most moves affecting 2018 tax returns have to be completed soon.
Here are answers to the most common questions taxpayers are asking about the new law..."
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