How Will The Tax Reform Affect W-2 and 1099 Tax Filings?

  When filing taxes this year, W-2 employees are expected to receive tax cuts based on their adjusted income bracket and higher standard deductions This year, qualifying independent contractors will benefit from the newly placed 20% “pass-through” tax deduction for business owners The Tax Cuts and Jobs (TCJA) which was passed by the U.S. Congress… Read more »