Tax Reform: What It Means for You

Provided by Sponsel CPA Group
By Nick Hopkins, CPA, CFP®
Partner, Director of Tax Services
nhopkins@sponselcpagroup.com

Now that the debate is over and the votes have been taken, tax reform is the new reality. President Trump has signed the “Tax Cuts and Jobs Act”, bringing the most sweeping changes to the U.S. tax code in three decades.

The Act in its entirety is a whopping 1,097 pages long, which will take some time to digest all of the details of the bill. However, below is a summary of some of the key changes for both individual taxpayers and business owners. Continue reading