Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 dependent tax credit
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 dependency exemption
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s 2018 dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress … Read More
Clarifying the changes to the 2018 child tax deduction
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress passed … Read More
Clarifying the changes to the 2018 child tax credit worksheet
The Tax Cuts & Jobs Act of 2017 (TCJA) drastically changed tax rules for American families. Among the most impactful reforms: the elimination of the dependency exemption for children starting in the 2018 tax year. Previously a key point of contention for divorced or separated parents, the dependency exemption is now valued at $0. This change, however, does not apply … Read More
Clarifying the changes to the 2018 child tax credit phase out
Titanic shifts in the United States tax code continue to rock American taxpayers. Under the Tax Cuts & Jobs Act of 2017 (TCJA) if you are a divorced parent, separated spouses or an unmarried parent, you may now be unable to fight over their children’s dependency exemptions in 2018 because lawmakers have eliminated the exemption.In 2017, the U.S. Congress passed … Read More