2017 Tax Cuts and Jobs Act: Complete Text Plus Comments by Luis Ayala (English)

Description: 2017 Tax Cuts and Jobs Act by Luis Ayala Estimated delivery 3-12 business days Format Paperback Condition Brand New Description THIS JUST IN taxpayers can now file returns claiming: - Exclusion from gross income of discharge of qualified principal residence indebtedness (often, foreclosure-related debt forgiveness), claimed on Form 982, - Mortgage insurance premiums treated as qualified residence interest, generally claimed by low- and middle-income filers on Schedule A, and - Deduction for qualified tuition and related expenses claimed on Form 8917. Released 20 Dec 2017 Signed into Law 22 December 2017. Easy to read - A full 8 1/2 inches by 11 inches! Large pages, double space, large text. Plenty of white space to write notes. Highlights: Standard deduction has almost doubled for all filers, but personal exemptions have been eliminated. Single or married taxpayers are not allowed to deduct more than $10,000 of property taxes and state and local income or sales taxes. Some states are considering repealing their income taxes and replacing them with employer-side payroll taxes. Taxes imposed on a business (such as employer payroll taxes) are still deductible under federal law. A business can just write them off their corporate income tax (or individual tax, if the business is a pass-through entity). This would not only totally offset the new limit on deducting state income taxes - it would amount to a sizable tax cut for many middle-class families. Other kinds of income like capital gains, interest, and dividends arent hit by payroll taxes. Some states will likely pair the payroll tax shift with a new tax on capital income (similar to how Tennessee and New Hampshire tax interest and dividend income). Some states will join them, perhaps adding capital gains. I predict California, New York, New Jersey, Connecticut and Hawaii will implement this in 2018, followed closely by Maryland and Massachusetts. Small Business Owners, Freelancers and Contract Workers (Gig Workers) The new law changes the way "pass-through" entities (which pass profits directly to their owners as personal income) are treated in the tax code. Now many will be able to deduct 20 percent of their revenue from their taxable income (20 percent off their taxable earnings). Alternative Minimum Tax Raises the amount of income that would be exempt from AMT. For singles the exemption level will increase to $70,300, and $109,400 for married couples. Home Mortgage Interest Deduction. If you take out a new mortgage you will only be allowed to deduct the interest on debt up to $750,000. Child Care Credit - doubled the current child tax credit from $1,000 to $2,000 per child under age 17. No Miscellaneous Itemized Deductions. Moving Expenses - You will no longer be able to deduct moving expenses related to a job change. Alimony Payments will no longer be deductible expense for divorce after 2017. The party receiving the payments would no longer need to pay tax on the income received. Why buy a book you can download for free? We print this book so you dont have to. First you gotta find a good clean (legible) copy and make sure its the latest version (not always easy). Some documents found on the web are missing some pages or the image quality is so poor, they are difficult to read. We look over each document carefully and replace poor quality images by going back to the original source document. We proof each document to make sure its all there - including all changes. If you find a good copy, you could print it using a network printer you share with 100 other people (typically its either out of paper or toner). If its just a 10-page document, no problem, but if its 494-pages, you will need to punch 3 holes in all those pages and put it in a 3-ring binder. Takes at least an hour. Its much more cost-effective to just order the latest version from Amazon.com Details ISBN 1981953272 ISBN-13 9781981953271 Title 2017 Tax Cuts and Jobs Act Author Luis Ayala Format Paperback Year 2017 Pages 506 Publisher Createspace Independent Publishing Platform GE_Item_ID:127937434; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 36.18 USD

Location: Fairfield, Ohio

End Time: 2025-01-21T16:36:45.000Z

Shipping Cost: 0 USD