Tax Reform with OnTrajectory

survey

A couple weeks ago, the president signed into law H.R. 1 (originally known as the “Tax Cuts and Jobs Act”). This leaves some of us wondering what the impact will be to our own tax situation.

Money Help Center has put together a Trump Tax Reform Calculator to estimate how the legislation would affect you in the 2018 tax year. The calculator appears to be keeping up with provision changes during the reconciliation process, but we consider it more of an educated guess.

OnTrajectory users may find their future effective tax rate useful. Within the PowerPlan, users can copy their current scenario and adjust the effective tax rates as a way to model the impact of the changes.

For those that want more detail on the changes, KPMG has put together an alerts page that includes a nice summary of the bill.

 

The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. No information should be considered investment, tax or legal advice. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Leave a Reply

Your email address will not be published. Required fields are marked *