February highlights from The MWE Advisor: Winners and losers of the Tax Cuts and Jobs Act two years later; A new Tax Relief Act extends various business credits and incentives for manufacturing companies.
Has the TCJA Lowered Your Taxes?
The Tax Cuts and Jobs Act (TCJA) was intended to lower taxes and, in turn, stimulate the economy. Two years later, people are asking whether the TCJA has met these goals. One recent study shows that 65% of individuals paid less taxes in 2018 (the first year the TCJA took effect) than in 2017. But only 40% of Americans believe they got a tax cut. This article explains this perception gap and provides examples of tax reform’s winners and losers. Read More
New Law Provides Manufacturers With Tax-Saving Opportunities
The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extends various business credits and incentives, repeals a tax aimed at manufacturing companies and creates a new credit for employers in disaster areas. Here’s what companies need to know to benefit from six tax breaks. Read More