Question

DIFFERENCE BETWEEN NEW TAX CODE & OLD TAX CODE IN USA ?

DIFFERENCE BETWEEN NEW TAX CODE & OLD TAX CODE IN USA ?

Homework Answers

Answer #1

Answer : their are certain rules in case of old tax rate credit is allowed qualified research and development expenses in current tax tatr it is retained

In slab rate of individual old tax rate such as 10,15,25,38,33,35,39.6

In new slab rate these slab rates are

10,12,22,24,32,35,37

In bonus depreciation concept in old tax rate

Only 50% allowed on qualified new property purchase

However in new law it is fully qualified for exemption

Certain other changes had taken place

Thank you hope this helps you

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