After much speculation and anticipation, the “Tax Cuts and Jobs Act” was passed into law on December 22nd, 2017. This law will affect your 2018 return, which will be filed in 2019. Lets begin with the new tax brackets.There are still seven tax brackets, however all but two tax bracket have experienced a reduction in the marginal tax rate. The …
Tax Reform: Standard Deduction and Itemized Deductions
You will want to read this great tip this month.