The Tax Laws and Jobs Act passed at the end of 2017 is set to expire in 2025. We need to make sure that Congress doesn’t roll back the tax law, because it has a lot of neat things for the middle class.  For instance, most people haven’t heard of 199(a) which basically gives small businesses 20% of their profit tax free. My last newsletter and Advanced Tax Tactics covers that and we spent an hour on the new tax laws in the boot camp a month ago.

 

Another part that people don’t understand is the new rules on alternative minimum tax.  (Most people didn’t understand alternative minimum tax before the new rules, so what’s new?)  The new Trump laws on alternative minimum tax could make a big difference for you. Check it out in my new YouTube video and look at the new numbers in my article at https://legalees.com/alternative-minimum-tax/.

 

US Supreme Court Counselor

 

P.S. I really enjoyed the group at October's Boot Camp. There's only one spot left in February 11-12, 2019, so we have scheduled our next one for June 3-4, 2019. Hope to see you there!