Changes to Mortgage Interest Deduction

Changes to Mortgage Interest Deduction

The Tax Cuts and Jobs Act has lowered the acquisition debt threshold for deduction of mortgage interest. Prior Law Through December 31, 2017 Taxpayers may claim an itemized deduction for “qualified residence interest” also known as the mortgage interest...
Changes in C Corporation Tax Rates

Changes in C Corporation Tax Rates

The Tax Cuts and Jobs Act makes significant changes in the tax rates applicable to corporations that pay tax (those that are not pass-through entities). Prior Law Through December 31, 2017 Tax rate brackets of C corporations is as follows: Taxable Revenue Tax Rate...

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