Select TAX SUMMARY_2018 to download an excellent summary of the effects ofTax Reform on you as an individual in 2018. See:
the new 12%-37% tax brackets.
maximum contributions you can make to IRA’s and 401(k)s.
the new $12,000 to $24,000 Standard Deductions.
for taxpayers who can deduct more than the Standard Deduction you can see your limits for medical, state and local taxes and mortgage interest.
the new child tax credits that replace personal exemptions.
OTHER TAXES: The various taxes on capital gains and qualified dividends, the 3.8% tax on investment income, the alternative minimum tax, self-employment tax and 0.9% Medicare Tax on wages and self-employment .
Finally, the new 20% deduction for pass through businesses.
I help clients with tax preparation and IRS representation, estate planning, and complex contracts, including LLC's. As a former IRS tax attorney in their National Office. Law.com picked Wis in 2017 and several prior years as one of the Top Tax and Estate Lawyers in Tennessee. I am your advocate, not your accountant. I don't tell you what you can't do. I show you how to do it.