Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal tax you will pay. Since most of the changes will go into effect next year, there’s still a narrow window of time before year-end to soften or avoid the impact of crackdowns and to best position yourself for the tax breaks that may be heading your way. Here’s a quick rundown of last-minute moves you should think […]
Congress passed a tax bill late last week that is expected to be signed into law. Below is a link to a comparison chart, provided by the Tax Foundation that summarizes the changes. The technical details are still in process; however, please feel free to call us if you have any questions.