The House Ways and Means Committee released their “Tax Cuts and Jobs Act” today. It is 429 pages long and I go through the major items applicable to farmers. This will change, but it is what we have now.
Some members of Congress floated the idea of capping 401k contribution deduction to $2,400. This appears to be a non-started, however, we will continue to see more ideas like this and this one may not be dead.
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