Midway through the 2018 tax filing season, many clients are now starting to wonder what they need to know about their 2019 taxes.
The 2017 tax reform legislation brought substantial changes for almost every single client, and the most important of those changes will vary depending upon the client’s individual circumstances. As noted below, many of the changes implemented by the 2017 tax reform legislation are temporary, so clients should also be advised that the pre-reform laws may once again apply after 2025. Here are the top 10 things that individual clients need to know for the 2019 tax year.
For an expanded, pdf version, with fuller explanations, check out:
- Check out previous coverage of tax reform planning in Advisor’s Journal.
- For in-depth analysis of income tax planning techniques, see Advisor’s Main Library.
- Your questions and comments are always welcome. Please post them at our blog, AdvisorFYI, or call the Panel of Experts.