In 2018 Americans will experience the most far reaching tax reform change since 1986. The changes are foundational and impact nearly every person and business. The new law will have winners and losers, and you want to end up on the right side of this.
Here are a few of the items that will affect you in the future:
- Tax deductions you may have counted on in the past have been eliminated or changed. Do you have a smart strategy to get the full value out of remaining deductions?
- Parents have new opportunities to save money on taxes that go beyond the increase in the Child Tax Credit. Do you know about these opportunities?
- Business owners have the opportunity to save money on taxes, but it may require taking additional steps. Are you aware of what you need to do?
- Your investments have been impacted by the tax law, with certain parts of the market benefitting more than others. Do you know if you’re taking advantage of these kinds of investments?
Most Americans are projected to see more money in their pockets as a result of the tax law, which means more to spend, save, or invest.
But there is no guarantee of this—you have to plan for the changes.
At Goostree Financial Group, we can help. We have been educating our clients and coordinating with their tax professionals for years. Call us today at (913) 663-1144 to have a conversation.