This is the first year of tax filing since tax reform and some taxpayers may find their 1040 filing indicates opportunities for planning.
The repeal of miscellaneous deductions, including the advisory fee deduction, may have an impact on some taxpayers’ filings.
While most of the new provisions of the TCJA went into effect in January there are additional tax code changes that will take effect at year end.
The tax reform law created a new tax landscape that could have a significant impact on year-end income-tax planning.
Tax reform has created an opportunity for investors to defer taxes on capital gains if they invest in so-called “Opportunity Zones”