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Posted December 21st, 2017

Are We There Yet? Tax Law Update 12/21/17

The hotly debated tax law has now been passed by Congress. It will be sent to the President’s desk to be signed. There is currently some discussion on when exactly President Trump will sign the bill. It has been expected that he would sign it before Christmas. However, some reports now say he may wait until the start of the new year for strategic budget reasons.

As with the entire tax reform process, it’ll be another “Stay tuned” moment. At the end of this post are a couple of articles which explain the possible delay in signing.

Click here to download our new white paper for our analysis on how the new tax law will impact charitable giving. In addition, this article from wealthmanagement.com has a helpful visual for what is in the tax law.

No Tax Cuts for Christmas? Trump Might Delay Bill Signing” (CBS News)

It Is Unclear When Trump Will Actually Sign the Bill” (Bloomberg Politics)

 

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