OUR THOUGHTS ON:
Tax Reform

Letter From Schneider Downs Tax Advisors

Our Thoughts On the Tax Cuts and Jobs Act

January 19, 2018

Schneider Downs Tax Advisors is pleased to introduce Our Thoughts On the Tax Cuts and Job Act.

On December 22, 2017, President Donald Trump signed into law new tax legislation that presents the most comprehensive change in tax law in nearly 30 years. This legislation introduces sweeping changes that will impact nearly all organizations – and individuals – in the United States.

With that in mind, Schneider Downs Tax Advisors has compiled a tax reform guide that highlights many of the most impactful changes affecting US taxpayers. This free resource is available for download. We encourage you to share this with others who may find it informative.

This guide is not intended to replace discussion, but to help prepare for it. We realize you have questions about how this new legislation will impact your organization – and you as an individual. We invite you to review this material, but also to reach out to Schneider Downs to continue monitoring the changes and coordinating related planning options. Our professionals are well-versed in the many details of these tax law changes, and we are prepared to speak with you about how you may be impacted.

expand

A Tax Cut and Jobs Act Call for Guidance on Implementing the 20% Qualified Business Income Deduction

The Tax Cuts and Jobs Act (the Act), enacted December 22, 2017, provided many taxpayer-friendly benefits, including a 20% deduction against flow-through ... read more >

Tax Reform Impacts Federal Estate, Gift and Generation-Skipping Taxes

Within the recently enacted Tax Cuts and Jobs Act (the “Act”), lawmakers failed to satisfy longstanding promises of a full repeal of the federal ... read more >

Taxpayers can continue to deduct interest paid on home equity loans under the recently enacted Tax Cuts and Jobs Act

For tax years beginning after Dec. 31, 2017 and before Jan. 1, 2026, the original language of the Tax Cuts and Jobs Act (the Act) indicated that “home ... read more >

Employer Tax Credit for Paid Family and Medical Leave

The Tax Cuts and Jobs Act ("TJCA") provides a general business credit to qualifying employers that provide paid leave pursuant to the Family ... read more >

Siloing of Unrelated Business Income Is Creating Many Questions for Tax-Exempt Organizations

“Siloing” is the term being used to describe the 2017 tax reform change that requires exempt organizations to separate each of their unrelated ... read more >

How Tax Reform has Affected the Manufacturing Industry

On December 22, 2017, the highly anticipated tax reform was signed into law. One goal of tax reform was to help attract manufacturers to return to the ... read more >