Updated: Tax Cuts and Jobs Act: What does it mean?
The Tax Cuts and Jobs Act was signed into law by President Trump on December 22, 2017. Now, you may be wondering what’s exactly in the law and what the provisions mean for you and your clients.
Our initial summary of the effects of and opportunities in this new law were covered in the January 8 Principal Learning Network (PLN) teleconference. Business and individual planning risks and opportunities in these key areas were discussed:
- General business taxation
- Nonqualified deferred compensation
- Income taxes
- Estate and gift taxes
Listen to a replay of this archived event.
Also, use these overview documents with your clients:
- Individual income taxes (PDF) (BB12110)
- Estate and gift taxes (PDF) (BB12109)
- Business taxation and executive benefits (coming soon)
We’ll continue to review this tax reform and bring our analysis to you. For additional information, contact the Principal Advanced Solutions team at 800-654-4278.
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