Itemized Deductions

The 9 Biggest Ways Trump's Tax Reform Hits Your Wallet

The 9 Biggest Ways Trump's Tax Reform Hits Your Wallet

With the recent, yet surprising, cooperation between the White House and Congress, the Trump tax reform bill is set to take effect starting this new year. Don't worry your 2017 tax returns are not impacted. However, the tax law changes will affect personal incomes for the next 10 years, starting in 2018. So the question many of my clients have been asking me is, how does tax reform impact our personal bottom line?