It’s my annual Taxes from A to Z series! This time, it’s Tax Cuts and Jobs Act style.
If you’re wondering whether you can claim home office expenses or whether to deduct a capital loss under the new law, you won’t want to miss a single letter.Under the TCJA, new investments in some economically-distressed areas may be eligible for preferential tax treatment. To qualify, areas must be nominated by the state and certified by the Secretary of the U.S. Treasury. Opportunity Zones exist in all 50 states, the District of Columbia and five U.S. territories. Here’s how it works.
Here’s the attraction to a QOF: investors can defer tax on any prior gains invested in a QOF until the investment, including stock and business property, is sold or exchanged, or December 31, 2026, whichever comes first. The longer the investment is held, the better. If the QOF investment is held for longer than five years, there is a 10% exclusion of the deferred gain, but if the QOF investment is held for more than seven years, there’s a 15% exclusion of deferred gain.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Taxes From A To Z 2019: N Is For Notice
Weiterlesen »
Taxes From A To Z 2019: M Is For Medical Expenses
Weiterlesen »
Taxes From A To Z 2019: H Is For Home Office Deduction
Weiterlesen »
Taxes From A To Z 2019: L Is For Long-Term Capital Gains Or Losses
Weiterlesen »
Taxes From A To Z 2019: J Is For Jackpot
Weiterlesen »
Taxes From A To Z 2019: L Is For Long-Term Capital Gains Or Losses
Weiterlesen »
$80M Roundup Verdict Is Only $2.5M After Taxes, New IRS MathCan an $80M verdict be cut to $2.5M after taxes? Bizarre new IRS tax math says yes.
Weiterlesen »
$80M Roundup Verdict Is Only $2.5M After Taxes, New IRS MathCan an $80 million verdict be cut to $2.5 million after taxes? Bizarre new IRS tax math says yes
Weiterlesen »
IRS Will Offer Free Help For Those Struggling With Withholding TaxesIf the changes to tax rates and withholding over the past year have you scratching your head, help is on the way. The Internal Revenue Service (IRS) is offering a free online information session on how to do a Paycheck Checkup.
Weiterlesen »
Health organizations call for taxes and limits marketing sugary soft drinks to childrenFor the first time the American Academy of Pediatrics and the American Heart Association endorsed enforcing taxes on sodas, among other precautions, in an effort to reduce children's consumption of sugary drinks.
Weiterlesen »