Will taxpayers pay more or less under the new kiddie tax rules?
Families with assets in custodial accounts for minors are wondering how the new tax law will impact those accounts, as changes were made to the kiddie tax.
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Home equity loan interest may still be deductible under tax law
The Internal Revenue Service recently confirmed that home equity loan interest (HELOC) may still be deductible under the new tax reform law.
Impact of tax reform on state taxes is unclear
In addition to limits on deductions, tax reform may have a major impact on states that tie their tax system to some elements of the federal tax system.
Enhanced tax credits may balance lost exemption in tax reform
An increase in the child tax credit may help families realize a tax advantage even as the personal exemption is lost.