February 16, 2018

The Bipartisan Budget Act of 2018

The Bipartisan Budget Act of 2018, which contains some tax provisions, was signed into law on Feb. 9. It will fund the government through March 23, averting another government shutdown for now. It also extends for one year a set of tax provisions, known as “extenders,” which expired at the end of 2016. Other tax-related provisions include relief for those affected by recent natural disasters, a repeal of the rule accelerating payment of certain estimated corporate taxes in 2020, a new tax form for seniors (Form 1040SR) and clarification of whistle-blower awards.