Congress’ sweeping overhaul of the tax code presents a range of planning opportunities for investors. For individual taxpayers, the headline provisions include a lowering of the top tax rate to 37% from 39.6%. There could also be secondary benefits to investors resulting from lower corporate taxes. A deeper look at the new tax law, though, reveals equally important changes beyond tax rates, especially for business owners. Individuals are also potentially affected, especially when it comes to their retirement accounts, philanthropy and education savings accounts.
Written By: Jason Bortz
Published By: www.thecapitalideas.com