President Trump signed the Republican tax bill into law last week. While most taxpayers will not be impacted until its time to file 2018 taxes in 2019, there are ways you can be proactive now. TurboTax Chief Tax Officer Dave Williams shares his advice for planning ahead.
"For people who live in high tax states the new law poses a limit on what you can deduct in future years," said Williams. "People may consider paying property taxes in 2017 to get ahead of the tax bill limitation."
For most people the biggest change is that standard deduction is going to go up, and fewer people will be able to itemize. Williams says it is important to consider changing withholding for next year to improve cash flow.
U.S. inflation ticked down again last month, with cheaper gas helping further lighten the weight of price increases in the United States.
KinectAir is allowing customers to book short-duration flights on a private aircraft at a moderate price.
Taco Bell brought back the beloved double-decker taco just in time for the holidays.
Google has lost a federal antitrust case against its Android App Store.
Ford is going to cut planned production of its F-150 Lightning electric pickup truck nearly in half next year.
Attorneys for Gov. Ron DeSantis are asking a federal judge on Tuesday to dismiss a free speech lawsuit filed by Disney after the Florida governor took over Walt Disney World's governing district in retaliation for the company opposing a state law that banned classroom lessons on sexual orientation and gender identity in early grades.
Stocks were generally flat after the latest inflation reading showed consumer prices rose in line with estimates.
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