2017 Tax Reform: What You Need to Know

The year 2017 ended with much anticipation and uncertainty because of the timing of the Tax Cuts and Jobs Act. Signed into law on December 22, 2017, this is the most comprehensive set of changes to the tax legislature in several decades. Any time you combine uncertainty and money, misunderstandings and confusion abound.

Our firm sent out a just-in-time email with the summary of the new tax law back in December in an effort to help you stay informed. This article is an opportunity to dive a little deeper into the new set of rules, as well as to address a few of the questions that you have been asking our team. If technical details of the tax law aren’t your cup of tea, feel free to skim that section and jump right into the FAQs (we know that for every client question we get, ten more clients are wondering about the same thing!)