How can i benefit the tax plan to my benefit. Stanley pays 16,000 a year in property taxes on his Egg Harbor Township home. The republican tax overhaul caps the deduction for state, local and property taxes at 10,000. Leaves me short about 6,500 in taxes that i can no longer write off. The most Significant Impact is on those with high property taxes and in new jersey we tend to have pretty high property taxes. Reporter this cpa says if you can, take part of next years property taxes before 201 comes to an end. You will have the benefit of this tax year taking the extra duction on your local property taxes. Before the changes go into effect. Reporter hes worried what the changes could mean for Property Values and wonders if it will become tougher to sell a home in new jersey. A real estate expert tells me the concerns are valid. Just the total cost of the taxes in new jersey, that alone just trying to get over that and now you can only write off 10,000. Thats a double whammy. Reporter t
Passed the tax bill and President Trump held a celebration at the white house. Sharrie williams is joining us tonight. And we are following the developing detailed out of washington on what is the largest change to tax policy in more than three decades. The 1. 5 trillion dollars overhaul was made official after a procedural hiccup after forcing the vote this afternoon. It has President Trump and local leaders promising jobs and the president called the plan a historic victory for americans and democrats are looking at this bill as something that only benefits the rich. 3. 2 trillion dollars think of it in tax cuts for American Families including doubling the standard deduction and doubling the child tax credit. 83 per of the tax advantage goes to the top 1 . 13 million americans may Lose Health Insurance as their premiums go up under elimination of the individual mandate. Action News Reporter john rawlins talking with people today about the change to our taxes. And john most people you
Holiday travel is expected to break records. More than 100 million americans traveling this weekend and that headaches are to the over yet. For some just getting to the airport turn out to be major hassle. Plenty of people crowding the terminals there as flight traffic sores. And if you didnt take off just yet, well, the weather could possibly slow you down. Thanks for joining us tonight. Im dawn timmeney. Lots of cars cruising down the highway tonight as we countdown to christmas. Tonight we have team cove covere for you. Lets begin with brad sattin who has all your traffic frustrations and delays. Heres the good news as far as air traffic today, this is the busiest air travel day and the general consensus across the country were hearing not so b bad. Air traffic travel was okay. How about the roads, were above the schuylkill expressway here. It is 11 00 oclock. Everything seems to be moving just fine. We know about 30 of us will travel 50 miles or more. We also know that gas prices a
Headaches well theyre not over yet. And for some just getting to the airport a major hassle. Packs of people and the terminals as flight traffic sores. And if you didnt take off just yet, well, the weather just might slow you down. Thanks for joining us tonight. Im chris oconnell. Im dawn timmeney. Plenty of cars cruising down the highway. Kind of a christmas site with all those lights. We have team coverage. Meteorologist Scott Williams is tracking hiccups in your holiday forecast. Lets start with brad sattin who has all your traffic frustrations and delays, brad. Reporter Holiday Travel by plane, train and automobile. We know 30 of us will travel 5e of the next week or so. If you are driving, the bad news is, that gas prices theyre up about 24 cents compared to last christmas, and if you are uflying, youll be one of about 800,000 people passing through Philadelphia International airport through january 1st. Today we had chance to meet few them. Reporter dwayne and riley finally made
Falling here lifting north to the poconos. South and east, mainly cloudy skies and mist and drizzle. This is the first of several rounds that will push through throughout the duration of the day. The Lehigh Valley northwestern suburbs, upper bucks, montgomery county. Green lane, easton, moderate rain. The farther south you go, it lightens up in intensity. Well see several rounds as the day progresses. For today, cloudy skies, mild and damp. 59 degrees for the city of philadelphia. Some locations maybe as warm as 62 or 63 especially in south jersey and delaware. Places like millville, cape may, dover, probably hitting 62 to 63. Breezy, as will, winds out of the west at 10 to 20 miles per hour. Temperaturewise watch how the numbers drop off. 59 by 2. There is our 60 or close to it. The bottom drops out, 11 00 p. M. , 40. Tomorrow morning were waking up with temperatures close to freeze. Windchills in the 20s. What to expect a quarter to half inch of rape turning colder tonight and light