Tax Alert: Last Chance For Year-End Tax Planning
The Tax Cuts and Jobs Act of 2017 will be signed by President Donald Trump by week's end. The changes to the U.S. tax code will affect all Americans. The changes go into effect January 1, 2018, making the dwindling days of 2017 your last chance to act to minimize your tax bill in light of the new law. Here are the major immediate and longer term implications to family wealth and suggestions for what to do right now.
It's Temporary. Changes to corporate tax laws are permanent, but provisions applying to individuals take effect in 2018 and expire after 2025, unless specified otherwise below.
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