Insight by NITP, Inc

Summary of the Tax Cuts and Jobs Act of 2017 – Changes that affect individual taxpayers

Insight by NITP, Inc

February 12, 2018 – Host Bob Leins welcomes Tom O’Rourke, Esquire to talk about a number of significant changes that affect individual taxpayers in 2018 and beyond. Today’s discussion will include an over of changes:

• Significant changes to tax rate structure
• Tax deductions that are no longer allowed
• Personal exemptions suspended
• Modification of itemized deductions
• Timing TSP distributions and enhanced TSP distribution rules
• How tax law changes could impact your overall 2018 refund or balance due
• Thoughts on how to benefit financially from income saved in 2018 – debt reduction, additional tsp and personal investment
• Be certain NOW that your Federal and State (if any) Tax withholding is not too much or not too little

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