As many folks were winding down the year getting ready for the holidays, House and Senate Republicans were busy passing sweeping tax reform, sending the legislation to President Trump last week. He signed the bill, and with it, delivered several wins to HR, employers and employees. Those include:
Yesterday, House Ways and Means Committee Chairman Kevin Brady introduced H.R. 1, the Tax Cuts and Jobs Act. I have to admit, it took me a little while to get through the 429-page bill—and, boy, are these some items to report! Here are the five most important HR provisions you need to know about in the legislation:
As the topic of tax reform continues to dominate the news cycle, don’t just pay attention to the hot topics like tax brackets, mortgage interest deduction and the AMT! There’s some potential changes on the horizon for employer-sponsored benefits and employers and employees alike are going to be affected.
As efforts to repeal and replace the Affordable Care Act continue to plod along in Congress, House and Senate tax writers have been working with the Trump administration to find a way forward on tax reform.
Hopefully you had the opportunity to submit your taxes and are in the group of folks who are eagerly awaiting (or have received) a refund! Preparing your taxes can be tricky, and whether you utilize a professional to file or you go it alone, understanding the tax code can be intimidating at times.
Immigration reform, the implementation of the Patient Protection and Affordable Care Act (PPACA) and legislation calling for the raising of the minimum wage are some of the pressing public-policy issues HR professionals should be keeping track of in 2013, said Michael P. Aitken, pictured above, vice president of government affairs for the Society for Human Resource Management (SHRM).
