by OverviewFx | Aug 31, 2023 | taxes
The tax bill unveiled by Republicans in the House on Thursday would not, as had been rumored, eliminate the tax penalty for failure to have health insurance. But it would eliminate a decades-old deduction for people with very high medical costs. The controversial bill...
by OverviewFx | Aug 30, 2023 | taxes
Britain plans to cut its corporate tax rate to 17% over the next three years. But many businesses say they’re happy with the current 19%, thank you very much. Make no mistake: Business leaders want to reduce their total tax burden. But they’re asking U.K....
by OverviewFx | Aug 30, 2023 | taxes
Donald Trump vowed during the campaign to get rid of a tax loophole used by some millionaire and billionaire investors to slash their bills. “The hedge fund guys won’t like me as much as they like me right now. I know them all, but they’ll pay...
by OverviewFx | Aug 30, 2023 | taxes
Republicans crossed another major hurdle in their effort to get a tax bill to President Trump’s desk by Christmas. In the early hours of Saturday morning, the Senate passed a sweeping tax overhaul bill in largely party-line vote. Just one Republican, Tennessee...
by OverviewFx | Aug 30, 2023 | taxes
The tax overhaul bills passed by the Senate and House would likely to change your tax return in ways large and small — which credits you can take, what you can deduct, how much you pay. But they differ on key points. You’ll be hearing a lot about those...
by OverviewFx | Aug 30, 2023 | taxes
The tax bills passed by the House and the now the Senate include slightly more generous benefits for parents. Unless their children are undocumented immigrants. Currently, non-citizens filing taxes using an Individual Taxpayer Identification Number, or ITIN, are...
