The Tax Cuts and Jobs Act (TCJA) made a significant impact on the deductibility of various types of interest expense for individuals. One area affected is qualified residence interest. This article reviews the TCJA’s effect on this type of interest. A sidebar looks at the law’s impact on investment interest.
Paying spouses will argue that, without the benefit of the alimony deduction, they can’t afford to pay as much as under previous rules.
This article provides both general and business-specific tax document retention guidelines.
When the TCJA was passed, the big estate planning news was that the federal gift and estate tax exclusion doubled from $5 million to $10 million.
The Tax Cuts and Jobs Act has given business owners much to think about, including whether to change the structure under which their companies operate.