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What the New Tax Bill Means for You

What does the Senate tax plan mean for you? By . megan hughes. People living in high-tax cities and states like New York and. The Senate tax bill will include my SALT amendment to allow.

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The new tax bill passed by Congress on Wednesday and signed into law on Friday is a major coup for U.S. corporations, but a mixed bag of.

Have you been wondering what the GOP tax plan means for you? In today’s show, we are going to go over what you need to know about the new tax plan and the different ways you can leverage the.

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The New. of tax returns by statewide elected officials including the president of the United States. Governor Andrew Cuomo has indicated that he would sign the bill. Not to be outdone, Congressman.

 · Update: A version of this tax bill became law in December 2017. Read about how the new law impacts housing costs here. House Republicans released their long awaited tax bill.

What tax reform means for corporations, middle class and you NEW. means your property taxes don’t increase. They then have the right to “roll forward” millages, in other words, they have the right to increase taxes. But that increase is not a given, and the.

Under the current tax plan, you can take deductions for the taxes you pay in state and local income taxes, real estate taxes, and personal property taxes. That means less of your income will be taxed by the federal government depending on how much you pay in taxes to state and local governments.

And if there’s ever a prime opportunity to scoop one up in Massachusetts – maybe for that new couch or. percent cut of the bill. Here’s everything to know about the two-day, tax-free affair,

CORRECTION: Contributions to a 529 plan are NOT Deductible, 529 plans actually work similar to ROTH IRA, so the earnings are tax-free and withdrawal is tax-free! Learn what the new tax bill means.

What’s in Republicans’ tax plan and what it means for you. By .. ambitious and long-awaited tax bill thursday that seeks to simplify the tax code and reduce corporate rates, the latest step as.

On the plus side, by cutting corporate tax rates from 35 percent to 21 percent, the bill is expected to boost economic growth, from which New York will benefit.