Monthly Archives: April 2018

Tax Cuts and Jobs Act (TCJA) Overview 1.5

“The new law increases the credit for qualifying children (i.e., children under 17) to $2000 from $1000, and increases to $1,400 the refundable portion of the credit. It also introduces a new (nonrefundable) $500 credit …”
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Posted in Income Tax, Income Tax Planning, Income Tax Preparation, Schedule A, W-2 Wage and Tax Statement | Tagged , , , , , , | Leave a comment