Christine Hradsky No Comments

Important Changes for Individuals in the New Tax Law

For individual taxpayers, the new tax law — commonly known as the Tax Cuts and Jobs Act (TCJA) — includes many expected changes, some unexpected ones and some that didn’t make the final cut.

Here are the most important things that individual taxpayers need to know about the TCJA, which was signed into law on December 22, 2017. Except where noted, these changes are effective for tax years beginning after December 31, 2017, and before January 1, 2026. Read more

Christine Hradsky No Comments

Landmark Tax Reform Bill Passes

Tax Reform BillThe new tax reform law — commonly referred to as the “Tax Cuts and Jobs Act” (TCJA) — is the most significant tax legislation in decades. Now businesses and individuals are trying to digest the details and evaluate how the changes will impact their tax situation.

Fortunately, your tax advisors can help you figure things out. Let’s start with a basic overview of what’s covered in the new law. (Except where noted, these changes are effective for tax years beginning after December 31, 2017.) Read more