At the end of 2017, President Trump approved the 2017 Tax cuts & Job Act (TCJA). The new law includes some of the largest tax changes since 1986 in an effort to simplify the tax code. What does this mean for you and your 2018 filings? This podcast covers the biggest changes and their impact to tax payers, how you should take advantage of the changes, and what you need to be thinking about now when it comes to deductions. Topics covered include:
- Changes to tax rates/withholding tables
- Changes to standard deductions/itemized deductions
- Changes to child tax credit
- Charitable giving strategies
- Changes to how you use 529 plans
- Changes to deducting interest from home equity lines of credit
- Much more
This podcast also includes the pdf 5 Most Common Questions About The Tax Cuts & Job Act
Your Life Simplified: A Financial & Wealth Management Podcast