In this webinar, Ben Henry-Moreland breaks down the key provisions of the proposed Republican legislation, how it compares to current law under TCJA, and what could change before the bill ultimately becomes law. Ben will provide ideas of how to balance helping clients remain calm with thoughtful communication strategies, while also taking steps to plan based on what is currently known about the state of these tax provisions. He reviews key TCJA provisions such as the SALT deduction, estate tax exemptions, and Section 199A deduction for Qualified Business Income, as well as new proposed changes to 529 plans and health savings accounts, the new “MAGA” savings account, and more Advisors will learn how to:
- Summarize the history and key provisions of the Tax Cuts and Jobs Act (TCJA)
- Describe the key planning impacts of the proposed Republican tax legislation
- Discuss factors that may impact the likelihood of various TCJA changing or remaining the same
- Evaluate tax planning strategies with uncertainty of potential changes to TCJA provisions
- Develop effective client communication strategies regarding tax policy uncertainty and anxiety
