Tax plan: Everything financial advisers need to know about the final bill
December 19, 2017 by Greg Iacurci
After days of negotiations, Republican leaders aim to present a final tax bill to Congress for a vote this week, in hopes of getting it to the president’s desk for signature by Christmas.
The bill — the Tax Cuts and Jobs Act — reconciles some of the substantial differences in the Senate and House legislation, and contains some important provisions for financial advisers and their clients.
Here are the bill’s highlights for financial advisers, reflecting the 2018 tax year. Most changes on the individual side would revert to current law after 2025 unless extended by Congress.