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2018 state and local real property taxes that are both assessed and paid in 2017 may be fully tax deductible in 2017 for taxpayers who itemize their deductions. Unfortunately, Wisconsin state law does not assess, or allow payment of, 2018 property taxes in 2017.
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Just moments ago, President Trump signed the Tax Cuts and Jobs Act. Following are highlights of some of its key provisions that may affect you. Read more here...
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Republicans have apparently reconciled their respective versions of the Tax Reform and Jobs Act. The key provisions of the latest version of the massive tax reform measure are as follows. Read more here...
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Both the House and the Senate have passed versions of the Tax Cuts and Jobs Act. There are many similarities and some important differences that will have to be resolved through a legislative conference committee. Read more here...
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The size of gifts that you can make tax-free is scheduled to increase in 2018. Read more here...
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The new tax reform bills recently proposed by the House and the Senate include substantial changes to the rules that govern the deductibility of State and Local Taxes (often abbreviated as “SALT” deductions) for Federal income tax purposes. Read more here...
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