The House Ways & Means Committee just released a tax reform bill. While the bill is in its infancy stages and may change significantly before approval, it’s worth a read. Below are several links to summaries of the potential changes. BMG is watching the bill and waiting for revisions but we are already planning for its impact on our clients. Read through the summaries below and call us if you have any concerns!
What the House Bill Holds for Individuals, Journal of Accountancy
The Proposed Tax Cuts & Jobs Act, Clifton Larson Allen