Update: What the Tax Cuts and Jobs Act Means for You

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This week the Tax Cuts and Jobs Act (the Act) has officially passed. The Act significantly changes the landscape for individuals and business for tax years beginning after December 31, 2017.

For many taxpayers, the changes made by the legislation present a host of tax planning challenges and opportunities going forward.We have included an overview of these challenges and opportunities for both individuals and businesses below. Please contact your AHP tax consultant with any questions or concerns you may have.

Tax Reform for Businesses

Tax Reform for Individuals

Any accounting, business, or tax advice contained in this communication, including attachments and enclosures, is not intended as a thorough analysis of specific issues, nor a substitute for a formal opinion, nor was it written to be used to avoid tax related penalties.