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EAlert: House Republicans Plan Second Tax Bill

The House Ways and Means Committee is planning a "Phase II" tax plan directed at individuals and families to complement the Tax Cuts and Jobs Act. The tax act passed in December only made the C Corp tax cuts permanent, not the individual and flow through tax cuts.
 
The House is going to attempt to make permanent the individual cuts. If there is a need to get democratic support in the senate, there could be movement on the loss of the SALT deduction. The discussion is certainly not dead by any means.
 
For further information about these tax changes and how they will affect you, contact Jeff Cohen at jcohen@grassicpas.com.

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