A widow, for instance, loses the higher deduction that came with filing as a couple.
You cannot wait until the tax law proposals are finalized, as that will be too late. You will need to prepared to act and act quickly when the legislation passes, both to execute on plans and to unravel existing plans that have negative tax consequences.
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Plus-up payments and teacher bonuses are getting sent to people in several states. Here's what other financial relief families can look forward to.
Jordan Bass of the firm Taxing Cryptocurrency discusses the proposed cryptocurrency tax changes that Congress is considering and how they could affect taxpayers and the digital asset industry.
This is the first time in history when significant changes in US taxation are intertwined with a global tax reform effort.