Potential 2019 Tax Changes Your Wealthy Clients Need to Know About
The Tax Cuts and Jobs Act has provided certain advantages for clients, including a 20% deduction for qualified business income and a higher standard deduction. But a cap on deductions for state and local taxes and a different method for determining inflation adjustments could create challenges. “The TCJA has given wealthy taxpayers some interesting changes to their return,” noted Scott Kadrlik, CPA, PFS.
To read the full article in Financial Advisor Magazine, click: Potential 2019 Tax Changes Your Wealthy Clients Need to Know About.