Navigating the Senate’s Tax Bill: Key Differences and Implications
The Senate Finance Committee has introduced a tax bill aimed at extending key components of the 2017 Tax Cuts and Jobs Act, with crucial differences from the House's version. As legislators rush to reconcile both measures, the stakes involve significant changes to individual and business tax provisions, including SALT deductions and QBI rules. Discover how potential shifts could impact taxpayers and businesses in this evolving legislative landscape.