2031 income tax Tax 
Withum
JULY 4, 2025
One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. If a 2024 tax return has already been filed, then an amendment would be required. Applies to property placed in service after the date of enactment of the Bill, but before January 1, 2031.
Withum
JUNE 23, 2025
Pennsylvania has embarked on a significant tax reform journey by reducing its corporate net income tax (“CNIT”) rate. This initiative aims to lower the CNIT rate from 9.99% to 4.99% by 2031. Understanding the CNIT Reduction The CNIT is a tax imposed on the net income of corporations operating within Pennsylvania.
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ThomsonReuters
DECEMBER 30, 2024
presidential election , the tax and accounting profession is bracing for the potential tax law changes that now lie ahead as President-elect Donald Trump returns to the White House. Now that he has secured a second term in office, the direction of the tax landscape begins to take shape. With the Republican win in the U.S.
Withum
JULY 22, 2025
The One Big Beautiful Bill Act (OBBBA), signed into law by President Donald Trump on July 4, 2025, includes tax reform provisions aiming to boost U.S. These changes, effective for assets acquired or construction that begins after January 19, 2025, offer tax savings for businesses with an emphasis on manufacturers. are excluded).
TaxConnex
JULY 12, 2022
There’s always something changing in the world of tax, especially sales tax. The fee will apply when at least one item is subject to sales or use tax and the delivery is mailed, shipped or delivered by motor vehicle. its Sales Tax Bulletin No. Here’s a review of some of the recent changes and updates. Indiana modified?its
Accounting Today
OCTOBER 29, 2024
The number of taxpayers filing Forms 1040 and 1040-SR are projected to increase by about 10,000,000 over the next eight years.
Withum
MAY 7, 2024
The account must still be depleted by the end of the tenth year – December 31, 2031. Should tax rates increase or the taxpayer expects more income in future years compared to 2024, a distribution in 2024 will need to be considered.
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