01/03/2018
Additional information about Tax Reform and how it applies to your tax situation
1) 10k limit on state and local tax deduction
2) Corporate income tax rates drop to 21 percent and individual rate brackets are modified
3) New 20 percent deduction for qualified business pass through income
4) New treatment of alimony
5) Whether home mortgage interest and home mortgage debt is deductible
Thank you again for having us be your CPA!