The New Capital Journal

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Tax Cuts and Jobs Act: 529 Plans Expanded

College students and their parents dodged a major bullet with the legislation, as initial drafts of the bill included the elimination of Coverdell Education Savings Accounts, the Lifetime Learning Credit, and the student loan interest deduction.

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2018 Business Planning Key Numbers

Adoption Assistance Program, Earnings subject to FICA taxes (taxable wage base), Health insurance deduction for self-employed, Qualified transportation fringe benefits, Section 179 expensing, Small business tax credit for providing health-care coverage, Special additional first-year depreciation allowance, Standard mileage rate (per mile), Tax on accumulated earnings and personal holding company income

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