As House Republican leaders revealed a massive $1.5 trillion tax reform bill, the long-term and post-acute care profession is considering the influence that the Tax Cuts and Jobs Act may have. The goal of the legislation is to eliminate a long-standing deduction with those who have an abundance of medical expenses.
What this means for nursing homes
As House Republican leaders revealed a massive $1.5 trillion tax reform bill, the long-term and post-acute care profession is considering the influence that the Tax Cuts and Jobs Act may have. The goal of the legislation is to eliminate a long-standing deduction with those who have an abundance of medical expenses.
Status
As House Republican leaders revealed a massive $1.5 trillion tax reform bill, the long-term and post-acute care profession is considering the influence that the Tax Cuts and Jobs Act may have. The goal of the legislation is to eliminate a long-standing deduction with those who have an abundance of medical expenses.
Florida gets involved
Sen. Marco Rubio (R-Fla.) and others have indicated they want the tax reform package to include a popular $2,000 refundable child tax credit, which is presented in the House bill placed at $1,600, not refundable.
An Update
As of December 20th, this bill has passed the House and the Senate.
Clarification from your CPA
Questions or concerns about what this bill might mean for you and your loved ones? Contact Marc Egort, CPA, P.A. and the dedicated professionals on his team for answers.
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