tax reform

By Bill Mock, CFP^®, CRPC^®

The Tax Cuts and Jobs Act (TCJA) has been making a lot of headlines since it was first announced last year. Some of the news is good, some not so good, and some of it is just plain confusing. Even today, in the dog days of summer, there is still a lot of guidance from the IRS that has yet to be issued. What does that mean for you as a taxpayer? First, perhaps more than ever, it means that tax planning should be a top priority to be sure you are optimizing the new tax laws to your advantage. Second, because of the new, higher standard deduction and other significant changes in the law—and the fact that those changes won’t last forever—it means that right now is the time to truly “make hay while the sun is shining”!

By Ryan Fair, CPA, CFP

You may or may not have heard, but Congress actually did something!  And this “something” was a big something that will affect all of us for years to come: Tax Reform.  What does this really mean and how will it effect you?

Most importantly, nearly all of us will see a decrease in federal tax due to the government.  There are several significant changes that lead to lower taxes, but I will focus on those with the most widespread impact.