Month: February 2018

How the New Tax Bill Affects High-Income Taxpayers

Posted Friday, February 2nd, 2018
On January 1, 2018, the most significant overhaul to the Internal Revenue Code in decades took effect.  High-income taxpayers stand to benefit from lower tax brackets, higher estate tax exemptions and a less stringent alternative minimum tax.  However, high-income earners face new limitations on some favored deductions and notable revisions in charitable write-offs. Some of the most noteworthy changes are…