Two major pieces jump out. One of which is that there is now a limit on your deductions for your State and Local Taxes. They use to be unlimited and now there is a limit. Another of the other major changes that we will go through in detail in this Blog is regarding the changes... [Read More]
Category: Tax Cut and Jobs Act Bill of 2017
Tax Reform – Part 2
We will continue to look at more of the 2018 changes to the Tax Code as it applies to families and not just businesses. Some of the ways families are affected by the Tax changes include the following: Alternative Minimum Tax This is a strange parallel tax system with a separate set of rules that... [Read More]
How Does the 2018 Tax Reform Relate to Families? Part 1
I am doing a Continuing Education Program for Financial, Insurance and Accounting Professionals on May 2, 2018. But one of the questions I am hearing is “What about families?” “How do the changes in the Tax Code impact families?” If you are ever feeling that you are particularly bright, sharp, insightful, and need humbling, look... [Read More]