Lee B Posted December 18, 2019 Report Share Posted December 18, 2019 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appeared over the Potomac: Special Interest Tax Extenders retroactively reappeared Remaining ACA related taxes repealed Retirement Plans and IRAs set free Happy New Year to Ethanol Producers, NASCAR, Thoroughbred Racing, Cadillac Heath Plans, Medical Equipment Makers, Retirees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 . . . . . . . . . . . . 3 2 Quote Link to comment Share on other sites More sharing options...
Roberts Posted December 18, 2019 Report Share Posted December 18, 2019 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. 2 Quote Link to comment Share on other sites More sharing options...
Lee B Posted December 18, 2019 Author Report Share Posted December 18, 2019 Supposedly the Tuition & Fees deduction and the Mortgage Insurance Premium deduction was also included retroactive to January 1st, 2018. 1 Quote Link to comment Share on other sites More sharing options...
Abby Normal Posted December 18, 2019 Report Share Posted December 18, 2019 1 hour ago, cbslee said: Supposedly the Tuition & Fees deduction and the Mortgage Insurance Premium deduction was also included retroactive to January 1st, 2018. 4 Quote Link to comment Share on other sites More sharing options...
Lion EA Posted December 18, 2019 Report Share Posted December 18, 2019 2018?! 3 Quote Link to comment Share on other sites More sharing options...
Pacun Posted December 19, 2019 Report Share Posted December 19, 2019 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. 1 Quote Link to comment Share on other sites More sharing options...
Edsel Posted December 19, 2019 Report Share Posted December 19, 2019 11 hours ago, cbslee said: Remaining ACA related taxes repealed Incredible.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!)] Quote Link to comment Share on other sites More sharing options...
Lee B Posted December 19, 2019 Author Report Share Posted December 19, 2019 No, I was just referring to the directly related ACA tax on Cadillac Health Plans and the tax on Medical Equipment Manufacturers 1 Quote Link to comment Share on other sites More sharing options...
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