About this document
Tax Law Changes for Businesses 2018 by Thomist Aquinas is a document available to read on EtoBox.
The document summarizes changes to tax laws for businesses under the new tax law. Key points include: - The corporate tax rate is reduced to a flat 21% rate. - The alternative minimum tax is repealed and existing credits are refundable. - Bonus depreciation is increased to 100% for qualified property through 2022. - Section 179 expensing limits are doubled to $1 million with phaseouts starting at $2.5 million of assets placed in service. - Cash accounting is allowed for C corporations with less than $2
- Author
- Thomist Aquinas
- Language
- EN