CMP Financial Planning

The Tax Proposals: What is Similar in the House and Senate Bills


The House has passed their tax reform bill and the Senate has moved its version out of the Finance committee.  Each chamber and the president would like a bill signed by the end of the year. If the bill were to pass, here are provisions that would affect individual taxpayers and investors that are common to both bills and therefore most likely to remain.

 

It is still too early to advise you on how to respond to these changes since the bill is not finalized and very controversial. (Source: Wall Street Journal)

 

By Barry Jamieson, CFP, MA