Additional information about Tax Reform and how it applies to your tax situation

Below is additional information about the recent Tax Reform laws that were passed and how this will impact your taxes for 2018 and beyond.  We've included 5 articles about 5 general tax topics with changes under the new laws that apply to many of our clients.  One or more of these topics may be relevant to your specific situation and if you have any questions about this, please let us know. 

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

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