A great beautiful Bill Accore: Activities that can be

Republicans crossed the President in Congress Donald Trumps The president’s package of tax decrease and spending policies, which are expected to join the law in the fourth year of July in the fourth year.

The bill stretches Tax Cutting First, the 2017 tax discounts and business acts (TCJA) will end this year, and some are permanently extended as a higher standard discount for tax rates and taxpayers.

The Obbba includes tax issues for small businesses, but also to resolve tax issues for expensive capital investments, but also to reject retirees and employees, including new forms of tax relief.

The expansion of the bill, employees, employees, families and retirees will see changes in tax policy affecting them. Here are the five main policy areas where the bill touches.

For American workers’ What is a great, beautiful bill?

Federal Income Taxes

This A great beautiful law action (OBBBA) is constant low tax brackets with the revised income limits set by TCJA.

The Obbba also continues its scheduled deadline for the standard discount that increases about twice as part of TCJA. The bill is also $ 1,500 for married couples, $ 1,125 per household, $ 1,125 per household for married couples, 2025. About 90% of federal taxpayers use a standard discount than allocations.

Spend capital and factory investments

Obbba restores its spending 100% of the temporary allowed capital under TCJA, and after January 19, 2025, the President is inevitable at the end of the prematurement ceremony of Trump.

Capital investment is permanently under the OBBBA for investment and can be reached for $ 2.5 million under the taxpayer’s maximum expense account.

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To encourage the construction of Production plants Build new factories more economically in the United States, the bill allows companies to improve new factories and plants.

In fact, this allows such investments to be more attractive to implement tax breaks immediately. According to the Tax Law before the tax law, the enterprises were required to impose the value of non-residential real estate within 39 years.

Little business catch

The Obbba is a 20% discount constant Small businessesIncluding 20% ​​of qualified business income, 50% of qualified business income (REIT) Dividends (PTP) revenues (PTP) revenues, including up to 20% of the only property, partnership and specialists.

Can also create a new Inflation has been corrected A minimum of $ 400 discount for taxpayers with a minimum of $ 1,000 to ensure appropriate small business owners can get a discount on an advanced start.

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Retired tax convenience

The Obbba is $ 65 and more than $ 65 and more than $ 65 and more than $ 65 and $ 65 and 65 to $ 65 and $ 65 and $ 65 and $ 65 and $ 65 and $ 1600.

The $ 6,000 bonus discount is temporary and stronger since 2028. Higher income pensionersfor joint filters with a complete discount on individuals with $ 75,000 or up to $ 150,000. This is completely phases for the couples who earn more than $ 175,000 and win $ 250,000.

Developed as an alternative to the proposal to eliminate security taxes Social Security Benefits instead of saying they are owed because of income levels.

Tips and time of work

Bill stands shortly to eliminate federal income tax The blocked income When discussing the campaign trail, this creates new allocations that will give such employees to such employees until 2028 are intervened.

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Type workers such as restaurant servers, barbershops and drivers will be able to reach up to $ 25,000 according to qualified recommendations.

In addition, the bill creates a discount above for pre-working premium fees for up to $ 12,500 for employees working hours.