HIGHLIGHTS OF 2018 TAX LAW CHANGES

Highlights of 2018 Tax Law Changes

The most significant tax law in over 30 years is covered. The first section covers the Individual Provisions such as changes in tax rates, standard deduction, child tax credit, personal exemptions, limitations to state and local tax deductions, the individual mandate of the ACA (“Obamacare”), Alternative Minimum Tax (AMT) and the new 20% deduction of qualified business income of pass thru entities. The second section covers the Business Provisions including changes to tax rates, increased first year expensing of capital expenditures and net operating losses.