How Tax Bill Impacts 4 Key Areas for Advisors & Clients
This Tax Bill Is a Trillion-Dollar Blunder
House Passes GOP Tax Cut Bill
The Tax Cuts and Jobs Act is a whopping 1,097 pages long. Advisors, unlike federal lawmakers, don’t tend to have armies of staffers to help them read through bills that are critically important to their clients.
So we’re here to help you digest this mammoth piece of legislation that the House approved Tuesday afternoon. The Senate is expected to vote soon, and President Donald Trump could sign the bill into law as early as Wednesday.
Here is the full text of the bill. We’ve put together a table of contents of sorts of the sections most relevant to advisors. When possible, we used the Conference Committee report, which reconciles the House and Senate bills and then summarizes the agreed-upon changes for each provision.
(Related: States May These Tricks to Cushion Loss of SALT Deduction)
We will update this page as more information and analysis becomes available. This list is by no means conclusive. If you come across any tax bill provisions we should add, please leave a comment.
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