Tax expert advises “be prepared early” for potential TCJA changes
ThomsonReuters
MARCH 5, 2024
According to the IRS, this includes changes in deductions, expensing, tax credits, and other items that affect businesses and individuals. For federal income tax withholding, the TCJA adjusted the tax brackets, the supplemental and backup withholding rates, and the use of allowances on an employee withholding certificate.
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