Personal Finance

Tax Cuts and Jobs Act: Impact on Businesses

The Tax Cuts and Jobs Act, a $1.5 trillion tax cut package, was signed into law on December 22, 2017. The centerpiece of the legislation is a permanent reduction of the corporate income tax rate. The corporate rate change and some of the other major provisions that affect businesses and business income are summarized below. Provisions take effect in tax year 2018 unless otherwise stated.

Share this article

Tax Cuts and Jobs Act: Impact on Individuals

On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act, a sweeping $1.5 trillion tax-cut package that fundamentally changes the individual and business tax landscape. While many of the provisions in the new legislation are permanent, others (including most of the tax cuts that apply to individuals) will expire in eight years. Some of the major changes included in the legislation that affect individuals are summarized below; unless otherwise noted, the provisions are effective for tax years 2018 through 2025.



Share this article

Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act legislation has been passed by Congress and awaits the president's signature. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018. Many individual tax provisions sunset and revert to pre-existing law after 2025; the corporate tax rates provision is made permanent. Comparisons below are generally for 2018.



Share this article

Considerations for the New Tax Bill

Senior Estate Planner, Mike Repak, highlights some important considerations for the new tax bill.



Share this article

Tax Cuts and Jobs Act (TCJA) Investment Implications

The Tax Cuts and Jobs Act (TCJA) has been passed by Congress and should be signed into law soon by President Trump. The primary focus of the TCJA is the structural changes to the business side of the tax code. We remain encouraged by many of the law’s provisions that would positively impact economic growth and stock values.


Share this article

Tax Reform Planning: Charitable Contributions

Senior Estate Planner, Mike Repak, provides important topics to consider for year-end tax planning.


Share this article