November 17, 2024 12:50 am
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Rose Law Group Reporter’s Top 10 Tax Reductions and Penalties in the House version of the Tax Cuts and Jobs Act

By Phil Riske | Senior Reporter/Writer

10. 10% off personal income for those who have visited the Grand Canyon 17 times

9. Citizens who have toured Moscow would be penalized 1% of personal income.

8. Home mortgage deduction would be doubled for millenials living with parents.

7. Parents of millenials may deduct 25% of personal income for child support.

6. 50% of veterinary expenses may be deducted for dental care for elephants.

5. Whistleblowers may carry forward for 2 years the cost of whistles.

4. A $50 loss may be claimed by those who voted for Hillary Clinton.

3. Citizens who voted for Donald Trump do not have to file returns.

2. Fake News Alert: Media corporate taxes would be doubled.

1. Filers who can show they’ve made a minimum of 170 positive comments about the IRS on social media would be exempt from late filing penalties.

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.