Blog

Coordinating with Your Tax Professional and Financial Advisor

Many of us have questions about how the new tax law will affect us going forward - namely, will I be paying more or less tax?!

Here are a few things for you to keep in mind as you prepare to meet with your tax professional this year:

Tax Cuts and Jobs Act of 2017: What Taxpayers Need to Know

On December 22, 2017, the President signed the Tax Cuts and Jobs Act of 2017 (the act or TCJA). The legislation makes significant changes to the Internal Revenue Code (IRC), including individual, corporate, and gift and estate taxation.

 

Individual income tax changes

Although the act maintains seven tax brackets, these brackets will change.