The Twins on Tax Reform for Individuals #011
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Cut through the static of the tax changes for individuals under the Tax Cuts and Jobs Act (TCJA) with the third in a series of episodes that break down the new tax law. Guest hosts Lily and Miles\\u2014host Damien Martin\\u2019s three year-old twins\\u2014join their dad on the podcast as he breaks down the significant tax changes for individual taxpayers, identifies six steps to help determine what these changes might mean for your personal tax situation and gives three examples of how the TCJA might affect individuals and families.
Here\\u2019s a look at what\\u2019s included in this episode:
- Individual tax rates @ 1:30
- Changes to itemized deductions @ 3:43
- How to determine what the tax changes mean for you @ 8:39
- How three individuals/families might fare under the TCJA @ 10:23
- Other significant individual changes @ 11:53
- Transfer tax changes @ 13:11
- Key takeaways @ 14:22