Kiplinger

How the Tax Cuts and Jobs Act Will Impact Tax Planning in 2019 and Beyond

It's been a little over a year since the Tax Cuts and Jobs Act was signed in late 2017, triggering a sweeping overhaul of the nation's tax code, and now that we're in the middle of the first tax filing season under the law, we should really get a better idea of how it will affect individuals and businesses, good or bad.

Accountants I've spoken with uniformly called this the most complex and confusing tax law that has been passed since they've been practicing. Even these experts -- as well as myself and colleagues throughout the industry -- had a hard time projecting the effects of the law over the past year. A factor playing a significant role in this was that throughout 2018, many aspects of the law weren't fully explained until late in the year.

So, with tax season in full

You’re reading a preview, subscribe to read more.

More from Kiplinger

Kiplinger5 min read
What You Need to Know About Life Insurance Settlements
Your life insurance monthly premium can start looking less and less appealing once you’ve retired. It’s a scenario Dan Simon, a retirement planning adviser with Daniel A. White & Associates in Middletown, Del., has seen quite often, even with his own
Kiplinger4 min read
This New Sustainable ETF’s Pitch? Give Back Profits.
Feel like society and the environment are beginning to break down? There’s an ETF for that. Newday Impact’s Sustainable Development Goals ETF (SDGS) delivers a growth-oriented product that promotes dual impact, promising to advocate for environmental
Kiplinger12 min read
The Best Travel Rewards Credit Cards
Whether you travel often or just take the occasional vacation, a travel rewards credit card can be an excellent companion. With every purchase, you can use a good travel card to collect points or miles that are redeemable for flights, hotels or other

Related Books & Audiobooks