The Tax Cuts and Jobs Act is Finally Here, No More Do Overs
–Our friends at Marcum, LLP recently published a detailed article on the new tax plan.–
Highlights of key provisions include the following:
Individual Provisions
The act’s final version retains the seven overall tax brackets, but tax cuts are achieved by cutting the rates themselves. The final version cuts the top rate to 37% as follows:
Filing Status
Rates
Single...