Tax, Audit, Firm and Regulatory News

Highlights of the Tax Cuts and Jobs Act

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Wondering how the Tax Cuts and Jobs Act will affect you? Our team has put together three guides highlighting the major changes that will take place for individuals, businesses, and estates and trusts. You can download the guides here:

Click Image to Download the Business Tax Guide

Click Image to Download the Individual Tax Guide

Click Image to Download the Estate and Trust Tax Guide

Business Tax Changes:

Corporate Tax Rates
Qualified Business Income
Qualified Opportunity Zones
Net Operating Losses and Excess Business Loss Limitations
Miscellaneous Business Provisions

Individual Tax Changes:

Individual Ordinary Income Tax Rates for Single and Married Taxpayers
Capital Gains and Qualified Dividend Tax Rates
Alternative Minimum Tax Changes
Changes to the State and Local Tax Deduction
Changes to the Mortgage Interest Deduction
Child & Family Tax Credit
Retirement Plan Changes

Estate and Trust Tax Changes:

Basis of Property Acquired from a Decedent §1014
Tax Brackets for Trusts and Estates

Any questions? Feel free to contact us to learn more about how the TCJA could be affecting you.

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