A look at the new U.S. tax law

As you are likely aware, Congress has recently passed significant changes to the tax law. These changes are effective beginning in tax year 2018, with many of the changes for individuals set to sunset after 2025. The summary below is a high-level overview of many of the most relevant changes that will impact people’s taxes. If you have questions relating to your specific situation, please contact your Rockbridge advisor. Also, keep an eye out on our blog for upcoming articles discussing our income tax planning process, and for more in-depth reviews of these new changes to the tax law.