When the new tax law was first revealed, many were quick to bash any negative aspects of it that they could find. To start this week off, I wanted to give you a little more information on the tax law so you can better understand the benefits it provides and what exactly has changed.
The new tax bill is a massive document; being over 1,000 pages, I don’t expect you to read it all, though I do want to make this clear: it’s not all bad! In fact, one of the changes is that most tax brackets went down! To see more of the new changes, check out the ROI Tax Cuts and Jobs Act and take a closer look at the following:
- New tax brackets, pages 4-6
- Updates on 529 plans and retirement, page 10
- Estate Tax Exclusion, page 11
Regardless of your political views, this tax bill is for us all! If you have any questions or are in need of further assistance, please don’t hesitate to reach out to us here or give a call to the ROI Business Services at 630-855-5787.