In the News | Accounting Today
Trump's victory: What it means for taxes
Nov. 6, 2024 · Authored by
With Donald Trump’s anticipated return to the White House, tax policy changes are back in the spotlight, with key provisions from the 2017 Tax Cuts and Jobs Act on the table.
Baker Tilly’s Kasey Pittman outlines potential changes, including the research and development (R&D) deduction, which has broad bipartisan support but faced hurdles in the Senate earlier this year. Differing views on the Child Tax Credit may also influence the policy landscape, as parties remain divided on credit amounts and refundability.
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