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Transcripts For KQED Nightly Business Report 20171212

The Treasury Department today said the new tax bill will generate 1. 8 trillion in new revenue over ten years, thanks to increased economic growe tha from the nonpartisan joint committee on taxation. As the numbers get crunched, lawmakers are trying to get the final bill across that finish line by resolving differences between the. Those differences include the number of tax brackets, the limit on the mortgage interest deduction, and medical expense deductions, among other things. The negotiations come just weeks before the end of the year, a key time for tax planning, making it also a very confusing time for many americans, but there are some potentially moneysaving strategies you can employ. Sharon epperson joins us now with that tonight. Its always good to see you, sharon. Good to be here. Lets start, first of all, with yearend tax planning. Its always important, but more so this year, righ manager so t. The taxsaving strategies were going to talk about are some of the best gifts yo

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