Trump’s Tax Reform: Current vs. New Tax Law Chart

On Friday, December 22, 2017, tax reform legislation was signed into law by President Trump.

 

After the tax plan was signed, my business partner and I had a meeting with our CPA to discuss tax strategies for both the remainder of 2017 and for the upcoming year. They also provided us with the chart below, which summarizes the key provisions of the new law. I recommend meeting with your CPA to determine how the tax reform will impact your business and what tax strategies to implement to maximize your benefits.

 

 

Credit: John Werlhof, CLA Roseville

 

 

How do you think real estate entrepreneurs will be impacted by the new tax reform?

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