In August President Trump issued an Executive Order to create a temporary deferral of payroll taxes beginning September 1, 2020 through December 31, 2020, but details were lacking. The IRS recently released official guidance in the form of Notice 2020-65, but there is...
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5 Major Ways the GOP’s New Tax Plan Will Alter the Tax Code
Since the GOP’s first attempt at shifting the current tax code was shot down in Congress, they have released another, broader tax framework. This new plan has several components Congress will need to hash out before voting on a finalized plan, but taxpayers of all income levels are likely curious about how this framework may […]
Trumpcare vs. Obamacare: How They Differ on Taxes
While President Trump is under significant observation and scrutiny, many Americans are wondering specifically how our new President will alter the healthcare system since a major part of his campaign was his promise to “repeal and replace” Obamacare promptly once in office. Though it certainly appears that the President’s plans have not moved as quickly […]
Obamacare vs. the GOP plan: What’s Different and What Does It Mean
Eyes have been on Washington in recent months as President Trump begins to put into action some of the claims made throughout his candidacy. One long-awaited claim has finally been revealed though: his, and the GOP’s, promise to repeal and replace Obamacare. Now that their plan has been disclosed to the general public, many are […]
President Trump’s Tax Plan vs. the GOP’s Plan & What That May Mean For You
Inauguration Day has come and gone, and the 45th President of the United States, Donald Trump, has officially taken office. Throughout his campaign, he made many claims about what he would do if elected; one notable claim being his plan to lower taxes. Now that his plan has taken full shape, it seems that President […]