A number of tax law changes took effect earlier this year. Set forth below is a short summary of some of these changes. Please note, however, that this list should not be construed as tax advice. You should consider contacting your tax preparer or accountant if you have questions about how these changes might affect your personal tax situation.
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The above are only highlights of this extensive legislation. Certain other provisions and changes may affect your situation. Talk with your tax advisor about the potential effects of this new tax environment on your portfolio and investment strategies. You should also consult with your tax advisor and perhaps estate attorney to assess whether any adjustments are needed in your tax and estate strategies.