WHAT THE TAX REFORM BILL MEANS FOR INDIVIDUALS (in digestible form).
With gratitude to the Journal of Accountancy…. We will be posting over the next three days how your economic life will be changed by the new tax act.
Today we are posting WHAT THE TAX REFORM BILL MEANS FOR INDIVIDUALS.
Tomorrow we will move to Small and Family Businesses.
We have received calls from financial planners about things that their clients heard on the radio yesterday which were old news and WRONG.
The name of the game is still, and even more so now, living within your means. However, as Ben Franklin would say from his place on the “C” note: A penny saved is a penny earned.” So let tax savings be icing on the cake, not the cake itself.
And remember, all this goes away automatically in 2025 unless the Congress… unless the Congress…. Never mind. Good Luck.
https://www.journalofaccountancy.com/news/2017/dec/tax-reform-bill-changes-for-individuals-201718070.html
