Tax Reform Toolkit

How to Make Sense of the Tax Law Changes

How to Make Sense of the Tax Law Changes

The Tax Reform Toolkit is a series of blog posts featured on Eye on Housing that are designed to help builders and remodelers make sense of the changes in tax law as a result of the legislation passed in December. So far, three articles have helped illustrate key points of the pass-through deductions.

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Pass-Through Income: What if You Have More?

Filed in Economics, Tax Reform Toolkit by on March 27, 2018 2 Comments
Pass-Through Income: What if You Have More?

When pass-through income exceeds certain levels, taxpayers must know three amounts before they can calculate their allowable deductions. This Tax Reform Toolkit post explains how it works.

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‘Qualified Business Income’ and You

Filed in Economics, Tax Reform Toolkit by on March 12, 2018 0 Comments
‘Qualified Business Income’ and You

One of the truly new aspects of the tax code signed into law by President Trump is the 20% deduction available to “pass-through” businesses (i.e. LLPs, LLCs, and S-corps). It was a centerpiece of the tax bill, and one which most small business owners have heard about. Nevertheless, it warrants a lot of explanation because it is a lot more complex than it sounds.

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New Tax Regulations Affect Transportation Subsidies

Filed in Economics, Tax Reform Toolkit by on March 1, 2018 0 Comments
New Tax Regulations Affect Transportation Subsidies

Lost in the headlines of the new tax law is how it substantially affects how the cost of fringe benefits is taxed for employers and employees — and few will be happy with these changes.

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