Key Implications for Individuals
The 2017 Tax Reform legislation, the most significant federal tax law reform in over 30 years, was passed by both the House of Representatives and the Senate, and as of today, was signed into law by the President.
Almost all individuals will be affected by the new tax law. Most of the individual tax provisions are effective beginning in 2018. Under constraints imposed by Congressional budgetary rules, most of the individual tax provisions in the new law expire after 2025.
The new tax law may present year-end tax planning opportunities for many of our clients. We encourage you to click below to learn about some of the important tax changes. Please contact your BPM tax advisor to discuss how the new tax law will impact you.
Click here to read the BPM white paper.