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.
Cheddar News looks ahead to Thursday as another day of earnings is slated to hit the markets along with a revised reading of GDP data.
Mortgage demand fell to its lowest level since 1995 as rates climbed.
Electronic truck maker Nikola says it will begin offering advanced driver assistance technology for its trucks next year.
Elon Musk's Starlink reportedly is rolling out new prices based on its capacity to deliver services.
YouTube Music is allowing users to create their own personal radio station.
Ben Straley, founder, and CEO of digital asset platform Thred joined Cheddar News to discuss the company’s operations.
Chinese search giant Baidu's Ernie bot is being compared with ChatGPT and will be integrated into its search experience.
The parent company of stores like TJ Maxx, Homegoods and Marshalls, posted mixed results in its latest quarter, prompting it to slash its outlook for the full year.
A survey says about 20% of Americans have a high-yield savings account. Preston Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain why it's a good time to open an account now.
Amazon Closes On One Medical Deal
