Overview

Both the House and Senate passed near identical tax legislation in December, and President Trump signed the compromise agreement into law. The wide-ranging law generally lowers tax rates for corporations and individuals, though its impact will depend on individual taxpayer circumstances, as the lower rates also come with many changes to deductions and exemptions. The new law preserves most of the existing incentives for saving and investing, but it includes several policy changes that bear watching by investors and retirement savers. This book is a concise guide for the changes for 2017 tax filing and a guide for the changes this legislation for 2018 basically what you need to know to prepare your taxes for 2017 and prepare for 2018 and the changes in this new law.

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9781983700903

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