New Tax Law
This handout contains an overview of the new tax law that was signed into law on December 22, 2017. This overview focuses on changes individual and business clients are likely to be interested in. Individual information includes the new individual tax rates and brackets, capital gain threshold changes, personal exemption, home equity interest, moving expenses, state and local taxes itemized deductions, alimony, AMT, Child Tax Credit, and the kiddie tax. Business information includes the new C corporation tax rate, business pass-through deduction, special depreciation, Section 179 deduction, AMT, and net operating losses.
New tax law.
Tax rates and brackets.
Pass-through business deduction.
CLIENTS WHO MAY BENEFIT: