![]() ![]() These brackets have been indexed for inflation for tax years beginning after December 31, 2017. The Tax Cuts and Jobs Act generally retains the present-law maximum rates on capital gains and qualified dividends. The spouse receiving alimony payments will no longer have to report the alimony received as income on their return. These amounts will no longer be deducted as an adjustment on the payer’s tax return. Under the Tax Cuts and Jobs Act, any divorce or separation agreement executed or modified after Decemwill require the payer to make alimony payments with "post-tax" dollars. ![]() The Act leaves intact the 3.8% net investment surtax above $12,500 of unearned income. The maximum income tax rate of 37% will be reached once the child has $12,500 of unearned income. interest, dividends, capital gains, etc.) will taxed according to the brackets applicable to trusts and estates. wages, tips, bonuses, etc.) will be taxed under the single individual rate, while the taxable income of a child attributable to unearned income (i.e. The taxable income of a child attributable to earned income (i.e. ![]()
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