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Tax Cuts and Jobs Act

By | 2017-12-27T20:34:25+00:00 December 27th, 2017|Categories: On Our Minds|Tags: , , , |

The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below. Most provisions are effective for 2018. Many individual tax provisions sunset and revert to pre-existing law after 2025; the corporate tax [...]

Proposed Tax Reform Legislation

By | 2017-12-27T21:14:47+00:00 November 21st, 2017|Categories: On Our Minds|Tags: , , , |

On November 2, 2017, House Republicans released their comprehensive tax reform plan, the Tax Cuts and Jobs Act. Then, on November 9, 2017, Senate Republicans released their own plan. The two plans have much in common, but also have significant differences. Some key provisions of these tax proposals are discussed below. Of course, provisions may change [...]