10 Ways Tax Reform Will Impact Individuals

• Overview
• Credits

Gain a better understanding of the top individual income tax provisions being debated by Congress.With the new administration comes new tax proposals. While nothing has been enacted yet, we are on our way to seeing one of the biggest shifts in tax reform in recent years. Richard Seo and Lauren Shapiro present '10 Ways Tax Reform Will Impact Individuals,' which includes a discussion of the top individual income tax provisions being debated by Congress this fall. Each topic will include an analysis of the current state of the rules, proposals floated by both Democrats and Republicans, and the likelihood of the outcome. A brief discussion of planning tips in consideration of enactment of the proposals will conclude the topic so individual taxpayers across the nation can prepare for the impending changes.

Authors

Agenda

Income Tax Rates

• Current Rates and TCJA Amendments

• Legislative Proposals

• Looking Ahead, Including a Couple of Planning Points

Capital Gains

• History of Capital Gains and Current Rates

• Legislative Proposals

• Looking Ahead and Planning Points

Net Investment Income

• A Bit About Surtaxes in General

• Legislative Proposals

• Looking Ahead and Planning Points

Stepped up Basis

• History of Legislative Proposals to Fix Stepped up Basis

• Current Proposals to Fix Stepped up Basis

• Discussion of Exemption Amounts

• Looking Ahead and Planning Points

Carried Interest

• Current Rates and Description of Carried Interest

• Legislative Proposals

• Looking Ahead and Planning Points

SALT Cap

• History and Current Cap on Deduction

• Legislative Proposals

• Looking Ahead and Planning Points

Retirement

• IRAs and Required Minimum Distributions

• Legislation Proposals

• Planning Points

Crypto

• Proposals and Lack of Guidance

• Wash Sale Rules

• Looking Ahead

International

• GILTI, FDII

• Proposals

• Planning Ahead