How Will Tax Reform Benefit You?, Ep 49

As we approach year end, we now have the first major tax overhaul in over 30 years, which became effective January 1, 2018. As financial planners, we are focusing a great deal of our attention on the changes that are coming and how they are going to affect each of our clients in the coming years. The reform creates new opportunities for some, and closes the door on others. So, what are the major changes that are coming and how do they affect you? Join us in this episode as we discuss the biggest likely impacts that will influence your personal situation. Some of the biggest changes are in these areas: Tax Cuts for Most Increased Standard Deduction Key Itemized Deductions Changes and Limitations IRA Recharacterizations Child Tax Credit Expansion 529 Plan Usage Expanded Home Office Deduction Elimination AMT Changes Read more detail in the show notes here: https://wp.me/p6NrVS-2UU