The top corporate tax rate has decreased from 35% to 21%. We have entered the C Corporation renaissance, a true revival of an otherwise neglected entity type for non-public small businesses. No longer in the shadows, the modern C-Corp boasts the following in 2018 and beyond:

We want to talk about some of the weird tax changes that were included in the Tax Cuts & Jobs Act. We say “weird” because these changes don’t fit a larger narrative, don’t seem to appease any special interest groups, nor have any specifically articulated reason as to the why behind the change.

Here are all of the pertinent tax changes that homeowners and aspiring homeowners need to be aware of. These changes impact tax year 2018 and beyond. These tax changes are as follows. You can also listen to a discussion about these changes in the most recent episode of Taxes & Beer.

There are some changes coming in 2018 for taxpayers with pass-through income. C-Corporations got a huge tax break from 35% to 21%, which is effectively a 40% reduction in taxes. So, did the Ma and Pa shops get a 40% tax break like their C-Corp counterparts? Not quite. But, they did get something.

Major changes to the tax code are upon us. At this point, you’re probably wondering what moves you need to make before year-end. Summarized below is a list of items that you should consider.

What is Trump’s Tax Plan and how does it affect me? The details have been murky at best as there have been 2 versions of the bill proposed, one from the House and one from the Senate. Let’s discuss the changes for homeowners and the overall risk posed to the housing market by this legislation.