Submitted by Patrick Cote on January 31, 2018
Most of us have been impacted by the new tax law. You have probably already heard of the major provisions, such as lower rates overall and the reduced ability to deduct state and local taxes. If you are a business owner, particularly of a pass-through like an LLC, there are more significant changes that are quite relevant.
At AssetGrade, taxes play a critical role for most of our clients, so we work very closely with our clients and their CPAs to maximize their after-tax investing performance.
At 1,097 pages, the new tax law is a large document - realistically, it will take a while for everyone to absorb and think through the implications. There are already some immediate implications emerging for 529 accounts and Roth IRAs that we will be addressing shortly.
We are dedicating a new section of our website to keep all of the key information and investing ideas/implications we develop or come across from other people. We encourage you to check in on it from time to time, as we will keep adding to it throughout the year.