The Tax Cuts & Jobs Act

 

News and Articles

New Employer Tax Credit for Paid Family and Medical Leave Available for 2018 And 2019

Posted: September 24, 2018
​The IRS has announced that eligible employers who provide paid family and medical leave to their employees may qualify for a new business credit for tax years 2018 and 2019.

Guidance on Reimbursement of Employee Moving Expenses Under the TCJA

Posted: September 21, 2018
Employer payments or reimbursements in 2018 for employees’ moving expenses incurred prior to 2018 are excluded from the employee’s wages for income and employment tax purposes.

IRS Pushes Back Major W-4 Changes Until 2020

Posted: September 21, 2018
The IRS is pushing back implementation of a redesigned Form W-4 to tax year 2020, allowing the agency to keep working on a new approach to the employee withholding form.

Vacation Home Rentals and the TCJA

Posted: September 19, 2018
Taxpayers who have vacation homes they rent and use for personal purposes might find they face more complicated calculations under the new tax law, which this article illustrates with examples comparing 2017 with 2018.

Tax Incentives and Credits for New Jersey C Corporations

Posted: September 14, 2018
Manu­facturing C corporations doing business in New Jersey are benefiting the most from the Tax Cuts and Jobs Acts (TCJA) because the corporate income tax paid to New Jersey, or any other state where the company conducts business, is deductible on its federal tax return. This may or may not be the case for flow-through entities.

Taxpayer Reminder: Guidance on Charitable Contribution Deduction Limitations for Property Tax Payments

Posted: September 11, 2018
Guidance proposed by the U.S. Department of the Treasury and the IRS in August would limit the amount that can be claimed as a charitable contribution deduction when the contribution results in a credit toward their property tax bill.

Presentation Materials

The AICPA has developed two PowerPoint presentations for CPAs to use when discussing the Tax Cuts & Jobs Act with various audiences: