A Look at Tax Breaks Business Owners Are Losing
As small business owners compile their income tax returns, they may have an unpleasant surprise – some popular business deductions have disappeared or been reduced under the new tax law.
As small business owners compile their income tax returns, they may have an unpleasant surprise – some popular business deductions have disappeared or been reduced under the new tax law.
When President Donald Trump signed into law the Tax Cuts and Jobs Act late last year, it created the most significant changes the U.S. federal income tax laws have seen in over three decades.
The National Association of Realtors (NAR) published a Tax Cuts and Jobs Act explainer for its members. It outlines the mostly negative, but also positive impacts the plan is expected to have on members and their clients. The explainer also highlights changes the NAR successfully lobbied for.