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Will Trump / GOP tax plan be retroactive for 2017? #taxes


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2017 Nov 6, 2:04pm   3,177 views  6 comments

by WildMind   ➕follow (0)   💰tip   ignore  

#taxes I calculated I’d end up owing a few thousand more.... mainly due to the fact I’ve been contributing $5000 for childcare FSA and the CA state tax write off is on the chopping block. It is what it is... but obviously would prefer if this thing isn’t retroactive. I would imagine if they don’t pass it soon it changes enough in the tax code that it would be complicated for Turbo Tax and such to adjust quickly.

Comments 1 - 6 of 6        Search these comments

1   mell   2017 Nov 6, 2:08pm  

Changes like these usually are never retroactive.
2   anonymous   2017 Nov 6, 2:09pm  

I think the answer is that they can be made retroactive. It's up to Congress. Since some people may be getting a tax hike, it could be interesting. Sweeping changes to the code ought not be retroactive.
3   RWSGFY   2017 Nov 6, 4:32pm  

mell says
Changes like these usually are never retroactive.


Except in fucking California (fucking Prop30).
4   joeyjojojunior   2017 Nov 6, 4:37pm  

Clinton put in a retroactive tax reform
5   MrMagic   2017 Nov 6, 5:17pm  

anon_61c8a says
It's up to Congress.


And since Congress hasn't done jack shit this year, don't count on any bill being signed into law.
6   anonymous   2017 Nov 6, 8:28pm  

Some hope that if tax reform is passed in 2017, it would be retroactive to Jan. 1, 2017. But during an interview on “Varney & Co.”, Cohn said, “We’re trying to deliver great tax reform to the American public. We can’t get it retroactive to this year, we’re trying to do a tax plan that starts on January first of next year.”

Considering Trump hasn’t come out to correct his man Gary Cohn... it appears they aren’t serious about makin tax reform retroactive.

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