All Tax Reform Content

Tax Reform Made Simple?

Wilmington Trust |
Tax Reform
Tax-Reform-NC.jpg

A round-up of important highlights from the current tax law. Under current law, there are seven individual tax brackets, with the top rate at 37%. The current estate, gift, and generation-skipping transfer tax exemption is $11,400,000 for individuals or $22,800,000 for married couples.The standard deduction is $12,200 for individuals and $24,400 for married couples.

Read More...


Make the Most of Tax Reform

Wilmington Trust |
Tax Reform
New-tax-Laws-Three-Themes-NC.jpg

Three themes to help maximize your wealth planning potential.Estate tax planning: Take advantage of today’s higher estate, gift, and generation-skipping transfer (GST) tax exemption.Income tax planning: Take advantage of other state jurisdictions to reduce or mitigate your current (or future) state and local income taxation.Charitable planning: Take advantage of the “last deduction standing” for charitable planning.

Read More...


Will We Have Tax Reform for Christmas—and What Might it Mean for 2018?

Luke Tilley |
Tax Reform
blog_10.jpg

December 11, 2017—This year’s holiday season is more frenetic than usual, with investors getting an added dash of craziness in the form of a major federal tax overhaul, a feat last achieved in 1986. That last rewrite was a bipartisan effort between President Reagan and the Democrat-controlled House and Senate, and evolved over the course of nearly 18 months with committee hearings, amendments, and debates.

Read More...