The Tax Cuts and Jobs Act (2017)
By Kenneth H. Bridges, CPA, PFS December 26, 2017
The Tax Cuts and Jobs Act (TCJA)1 was passed by the House and Senate on December 20 and signed into law by the President on December 22.
The actual text …
Archive For: Tax Legislation Summaries
The Protecting Americans from Tax Hikes Act of 2015
By Kenneth H. Bridges, CPA, PFS December 2015
As was the case last year, Congress again this year waited until December to let us know what the tax law would be for the year about to end. On December 18, …
The Small Business Jobs Act of 2010
By Kenneth H. Bridges, CPA, PFS March 2010
In September 2010, a $12 billion tax incentives package titled The Small Business Jobs Act of 2010 was enacted. Highlights of the tax provisions include:
Bonus first-year depreciation – For most new …
The American Recovery and Reinvestment Act of 2009
By Kenneth H. Bridges, CPA, PFS March 2009
On February 17, 2009, President Obama signed into law The American Recovery and Reinvestment Act of 2009. Highlights of the tax provisions in the legislation include:
Longer NOL carryback period – Under …
The Economic Stimulus Act of 2008
By Kenneth H. Bridges, CPA, PFS February 2008
On February 13, 2008, President Bush signed into law the The Economic Stimulus Act of 2008 (the “Act”). Highlights of the Act include:
Rebate checks – Eligible individuals will receive tax rebate …
The Small Business and Work Opportunity Tax Act of 2007
By Kenneth H. Bridges, CPA, PFS May 2007
On May 25, 2007, President Bush signed into law the Small Business and Work Opportunity Tax Act of 2007 (the “Act”). Highlights of the Act include:
Increase in minimum wage – The …
The Tax Increase and Prevention Reconciliation Act of 2006
By Kenneth H. Bridges, CPA, PFS May 2006
In May 2006, Congress passed the Tax Increase and Prevention Reconciliation Act (the “Act”). Highlights of the act include the following:
Extension of the 15% tax rate on capital gains and dividends…
The Working Families Tax Relief Act of 2004 and The American Jobs Creation Act of 2004
2004 Tax Legislation
As you may know, Congress has recently passed two significant tax acts, The Working Families Tax Relief Act of 2004 and The American Jobs Creation Act of 2004. Together, the two tax acts extend certain otherwise expiring …
The Jobs and Growth Tax Relief Reconciliation Act of 2003
As you may know, Congress has just passed some very taxpayer-friendly legislation, The Jobs and Growth Tax Relief Reconciliation Act of 2003. Highlights of the legislation:
Reduction in marginal tax rates for individuals – Effective retroactive to January 1, 2003, …
The Job Creation and Worker Assistance Act of 2002
By Kenneth H. Bridges, CPA, PFS
On March 9th, President Bush signed into law The Job Creation and Worker Assistance Act of 2002. Highlights of the legislation:
Bonus depreciation – For most NEW depreciable assets (other than buildings) placed in …