Business Law
Last-Minute Opportunities Before the New Tax Law Takes Effect
by Andreea Olteanu, JD
With 2017 coming to an end and sweeping tax reform legislation, The Tax Cuts and Jobs Act, (Act) having been signed into law, some last minute opportunities should be considered while the current law still applies. There are steps that taxpayers can take before the Act takes effect in January that could lower their tax bills for the 2018 tax season.
This WealthCounsel Insight Brief contains suggestions on how to implement these strategies before the window of opportunity closes at the end of December, including:
- Increase and Acceleration of Deductions
- Deferred Income
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