Tax Cuts and Job Act of 2017
On December 22, 2017, Congress passed the Tax Cuts and Job Act (TCJA) (the Act) aimed at transforming the way individuals and businesses calculate their income tax bills and therefore
changing the amount of federal tax each of us will pay. The Act contains a significant amount of alterations to current tax law, and its scope and complexity will require time to fully understand how these changes will affect both individuals and businesses. One thing is certain: Life insurance continues to be an important part of the planning process for both individuals and businesses whether it is for estate, retirement income, or business-succession planning.
For more information, please review the carrier resources below:
AIG
2017-2018 Tax Tables – A Quick Reference for Income, Estate and Gift Tax Information
AXA
John Hancock
John Hancock Central Intelligence: Special Edition Tax Cuts and Job Act of 2017
Lincoln Financial
Nationwide
Principal
Individual Income Taxes Overview
Estate and Gift Taxes Overview
Prudential
Congress Passes Tax Cut Act – Overview, Observations, Initial Action Steps
