President Trump has signed into law a massive tax-cut bill.
Tax Cuts and Jobs Act provides the most comprehensive update to the tax code since 1986 and includes a number of provisions of particular interest to our clients.
Many changes go into effect on January 1, 2018. To see these changes, read our full document HERE. A small handful of the changes discussed include:
- Ordinary Income Tax Rate Brackets for 2018
- Itemized Deductions
- Estate and Gift Tax
- Deduction for Qualified Business Income of Pass-Thru Entities
You can view and download the full document: HERE.
Feel free to reach out if you have specific questions with regards to this blog.