Get ready for more loopholes... The new tax bill looks like it will be no less complicated than it’s already been, and appears to offer more ways for high income earners to reduce their tax liabilities with creative accounting. You’ll need a good CPA for 2018 because Turbo Tax is not going to share the secrets of the wealthy!
The House and Senate passed their versions of tax reform, and then had to reconcile their differences into one final bill. That conference happened on Friday. If the new bill passes Congress this week, it could be signed into law by President Trump as early as Tuesday.
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