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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.

 

2018 tax law

 

Credit: John Werlhof, CLA Roseville

 

Disclaimer: The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting, investment, or tax advice or opinion provided by CliftonLarsonAllen LLP (CliftonLarsonAllen) to the reader. For more information, visit CLAconnect.com.

 

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

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