 | Seacoast Accountability, LLC Provides Accounting, Bookkeeping, and Payroll, Dover, Rochester & Seacoast, NH"We Make Bookkeeping Less Taxing" | |
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Tax Cuts and Job Act (TCJA) Impacts on 2018 Tax Returns-Part I
Highlights: 1. Virtually all taxpayers are impacted by the changes 2. Changes take effect on January 1, 2018 and run through 2025. In 2026, unless extended, these provisions will revert to the rules in effect for tax year 2017. […] For most taxpayers, Dec. 31 is the last day to take actions that will impact their 2017 tax returns. Charitable contributions are deductible in the year made, as long as they are mailed by the last day of the year. Age 70 ½ are generally required to receive minimum distributions from their retirement plans by the end of 2017, though a special rule allows those […] |
 
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