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A recent survey found that employers, for the most part, had few problems meeting the February 15 deadline for using new 2018 income tax withholding tables, which reflect changes made by the Tax Cuts and Jobs Act. However, employees had many questions about how the law will affect their paychecks and their tax returns. This article reviews the survey results.

Roth IRAs can be a smart way for you to save for retirement. And temporary tax rate cuts for 2018 through 2025 under the new tax law could persuade some people to convert traditional IRAs into Roth IRAs sooner rather than later. But the new law also contains a potential pitfall if an account's value unexpectedly falls after it's converted. Here's what you need to know before jumping headfirst into a Roth IRA or a Roth conversion.

In previous years, many families didn't qualify for the child credit, because they made too much money. But, thanks to the Tax Cuts and Jobs Act, for 2018 through 2025, this credit has been expanded and the phaseout thresholds have been substantially increased. Will your children and other "nonchild dependents" qualify you to claim this valuable tax break in 2018?

There's more to the Tax Cuts and Jobs Act for owners of rental real estate than just lower ordinary income tax rates. Here's an overview of some new or modified provisions that will generally provide favorable tax outcomes for rental property owners along with an unfavorable change that could hit owners of properties that generate tax losses.

If you're interested in making improvements to your home, there's good news. The IRS recently announced that in many cases, taxpayers can continue to deduct interest paid on home equity loans. The tax agency issued the clarification because there were questions and concerns that such expenses were no longer deductible under the Tax Cuts and Jobs Act.

There's been a lot of controversy about the recent tax law change that limits the federal deductions for state and local taxes (SALT). This limitation will have an adverse effect on many homeowners, especially residents of jurisdictions with high property taxes and people who own expensive homes or more than one home. Here are the details, along with important information if you're thinking about selling your house.

Unfortunately, the new tax law places new limits on home mortgage interest deductions for the 2018 through 2025 tax years. But the changes only affect homeowners with larger first mortgages and those with home equity debt. Are you in danger of losing some of your home mortgage interest deduction under the new law? Read this article to find the answer.

The new tax law introduces a special deduction for eligible pass-through businesses. The deduction is generally equal to 20% of "qualified business income." It's designed to help achieve parity between the reduced corporate income tax rate and the tax rates for business income that passes through to individual owners of sole proprietorships, partnerships, limited liability companies (LLCs) and S corporations. Here are the details.

Every year, the dollar amounts allowed for various federal tax benefits are subject to change based on inflation adjustments and legislation. Here are some important tax figures for 2018, compared with 2017, including the estate tax exemption, Social Security wage base, qualified retirement plan and IRA contribution limits, driving deductions, allowable business write-off amounts and more.

The Tax Cuts and Jobs Act eliminates the alternative minimum tax (AMT) for corporations, but retains it for individuals. However, there's some good news: Fewer taxpayers will be hit with the AMT, and those who are affected will likely see their AMT liabilities decrease for the 2018 through 2025 tax years under the new law. Here's how the changes might affect you.

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