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Lead the Life You Want to Live

Tax Reform Basics

Janelle Pedulla

November 6, 2018

As 2018 draws to a close and we are nearly one year into tax reform, the IRS is continually issuing various pieces of guidance and eduactional literature to help all of us navigate the complexities of the new law.  We have found one such recent publication, "Publication 5307 - Basics for Individuals and Families", to be a good read for taxpayers.  Whether or not you use a CPA or other tax preparer to prepare and file yoru tax returns, you might spend a few minutes glancing at Publication 5307 to better understand how the new law impacts your overall bottom line.  An educated taxpayer is a saavy taxpayer and having a basic understanding of how tax reform impacts you can go a long way toward enhancing your opportunties for tax savings.  

   

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