Many people ask us how the new law will affect them. They are simple questions, but the answers are a little more complicated that it might seem. To understand how the tax plan changes will affect you requires knowledge of your income and expenses, and what type of deductions you may have.
President Trump signed the new tax plan on December 22, 2017. Most of the sweeping changes in the new tax law go into effect on January 1, 2018, but not all. Some changes don’t take effect until 2019. The new law also contains changes to interest on debt, property taxes, and student loans.
We understand the new tax law changes for 2018, and can help you prepare to take advantage of changes and maximize your benefit.
Give us a call at (561)292-3947 and we can schedule an appointment to discuss your needs.