{7:12 minutes to read} It has been said this is the biggest tax overhaul of the last seven decades; most of us may not have experienced the last one.
From a high level overview, notwithstanding the fact that certain individual itemized expenses will be increased, combined & capped, or eliminated, lower income individuals will have a reduced tax bill. The intent of this article is to quiet some of the noise surrounding the recent Tax Cuts and Jobs Act Bill and highlight some of the advantages and disadvantages. (more…)