THE TAX CUTS AND JOBS ACT AND WHAT IT MEANS FOR TAXPAYERS IN ILLINOIS
Timothy M. Hughes • December 22, 2017
In this podcast, tax attorney Timothy Hughes and CPA Dana Davidson discuss the Tax Cuts and Jobs Act, which was signed into law December 22, 2017. They not only explain the new tax brackets for both individuals and corporations, but also make recommendations for what Illinoisans can DO NOW before the end of the year. Tim and Dana cover the property tax implications and many other aspects of this new law.
- tax cuts and jobs act
- TCJA
- tax brackets
- property tax
- tax deductions
- SALT
- child tax credit
- prepay taxes
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