Yuletide Greetings from DC

[Lee B]

At the last minute before the House passed the Omnibus Spending Bill, several sparkling ornaments appeared over the Potomac:

Special Interest Tax Extenders retroactively reappeared 

Remaining ACA related taxes repealed

Retirement Plans and IRAs set free

Happy New Year to Ethanol Producers, NASCAR, Thoroughbred Racing, Cadillac Heath Plans, Medical Equipment Makers, Retirees with IRAs and a lump of coal for Renewable Energy Credits & etc.

All I want for Christmas is . . . . . . . . . . . .

 

[Roberts]

The SECURE ACT is almost certainly going to be passed this week as it is tied to the spending bill to keep the government open.

 

[Lee B]

Supposedly the Tuition & Fees deduction  and  the Mortgage Insurance Premium deduction was also included retroactive to January 1st, 2018.

[Abby Normal]

1 hour ago, cbslee said:

Supposedly the Tuition & Fees deduction  and  the Mortgage Insurance Premium deduction was also included retroactive to January 1st, 2018.

[Lion EA]

2018?!  

[Pacun]

A lot of money to be made by amending 2018 returns. Remember that on amended returns, you can charge 50% of the refund or more.

[Edsel]

11 hours ago, cbslee said:

Remaining ACA related taxes repealed

Incredible.  Does this mean the Additional Medicare Tax on compensation and the Net Investment Tax are GONE??  If so, what is the effective date?

From the old Hee Haw series:  [(POOF!!! You were gone!)]

[Lee B]

No, I was just referring to the directly related ACA tax on Cadillac Health Plans and the tax on Medical Equipment Manufacturers