What does the passage of the Tax Cuts and Jobs Act mean for high-net-worth taxpayers?
- These charts review the Tax Cuts and Jobs Act (the Act) as passed by the U.S. Congress December 20, 2017 and signed by President Trump.
- Comparing the Act to current law, the charts focus on tax reform proposals most relevant to high income and high-net-worth taxpayers and businesses.
- The Act is voluminous and complex, and attorneys, accountants, financial advisors, and taxpayers will be grappling with its impact for many months. But we do see some emerging themes and opportunities to consider in 2018.
Additional in-depth analysis of various aspects of the Tax Cuts and Jobs Act will be forthcoming, so be sure to visit the Research & Insights section here on wilmingtontrust.com in the coming months for future important planning opportunities.
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