Cliff notes of the new tax law

Most clients don’t really need to know all the aspects of Tax Reform. But a quick reference guide can be helpful. From the new rules on alimony to 529 plans to mortgage interest limitations to meals and entertainment and the new 20% business income deduction – here’s the tip sheet you’ll want to print and keep for reference.  If you want to do a deep dive into the various code sections our prior post on charting tax reform can help.

rate schedule

tcja

child credit

SALT limit

meal deduction

bonus depreciation

corporate rates

QBI deduction

QBI SSBT business

 

not qualified for QBI