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Top 10 Outrageous Things You Are Taxed On | You Won’t Believe This

LyfeAccounting

Well, the Tax Cuts and Jobs Act (TCJA) was the divorce party pooper and removed the deduction from the tax code for all divorces agreements and decrees that start between 2019 and 2025. If you have more questions about your taxes, then work with our accountants for business taxes today.

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President Trump vs Biden Tax Plan Proposal in 2020

LyfeAccounting

Whereas Trump would like to make the existing standard deduction permanent after 2025 which is when it is set to expire. Child Tax Credits. Under the current federal law, you can get a $2000 child tax credit for a child under the age of 17 or $500 for dependents. We would love to help you out!