Skip to Content

Plante Moran Wealth Management Tax Partner Brian Schultz shares insight with Barron's

March 8, 2019 In The News 1 min read
Authors:
Brian Schultz Wealth Management
Theoretically, your tax bill should be lower thanks to the Tax Cuts and Jobs Act, but will both individuals and families benefit? Read more at Barron’s.

people clapping their handsThe Tax Cuts and Job Act (TCJA) included cuts in income-tax rates, higher standard deductions, and larger child tax credits for individual tax payers. The law also allowed an estimated 99.9 percent of households protection from the alternative minimum tax.

While the TCJA benefits many, savings aren’t distributed evenly, and there’s a misconception that individuals and families will both benefit.

Plante Moran Wealth Management Tax Partner Brian Schultz notes that there may be solutions for taxpayers in close range of certain deductions. In a recent interview with Barron’s, Brian discusses situational examples around the QBI deduction, charitable donations, and bunching.


Related Thinking

Business executives reviewing deferred compensation plans.
March 11, 2024

409A plans & SERPs: What they are, how they work, & why you may need one

Article 5 min read
Happy couple walking into hotel with their toddler.
February 12, 2024

Inflation and life insurance: Ensuring protection amid uncertainty

Article 4 min read
A family gathered around to discuss key items regarding their trust document.
January 30, 2024

Is your trust up to date? 10 things to consider

Article 6 min read