By John L. Jenkins, AEP®, EA, CFP®, CFF ®and Founder, President, and CEO of Asset Preservation Strategies, Inc.
Every president campaigns with grand sweeping promises on everything from ending wars, cracking down on gun regulations, and of course, taxes. Most Americans take these vows with a grain of salt, but President Trump’s promise of tax reform become a reality with the final version of the Tax Cuts and Jobs Act passing through Congress on December 20, 2017. While this bill doesn’t completely deliver on his emphatic promises, it does include a number of changes to the U.S. tax code that will impact both corporations and individuals. With tax season in full swing right now, people are wondering how these changes will affect their personal finances once the bill goes into effect. Here’s what we can expect.
[Read more…] about How Could Tax Changes Affect Your Financial Plan?