Tax Reform Act & Charitable Giving

Clocking in at 503 pages, the new tax law became effective on January 1, 2018. The provisions relating to individuals are set to expire at the end of 2025. That means that unless Congress acts before then to extend the provisions or make them permanent, in 2026 the current (2017) law would be back in effect. Provisions related to business taxes do not have an expiration date.

Contact Us

You should always contact your accountant or financial planner to understand how the new tax law will affect your individual tax situation. Do not hesitate to contact Christine Birkett at 772-403-4580.