Tax Reform Update - Trump Signs Tax-Cut Bill

 
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.