Tax Cuts and Job Act of 2017

Damon Gonzalez Tax

Tax Changes
It appears that the Tax Cuts and Jobs Act of 2017 will be signed by the President this week.  There are some significant changes:

Kiddie Tax will be taxed at Trust Rates
Repeal of the Pease Limitation
Higher standard deduction, but loss of personal exemptions (bad for big families)
$10,000 cap on SALT and property tax deductions
All new tax brackets

We normally write our own blog posts, but we want you to have this information now.
Click here to read the best article we have found about how these cuts affect you.

Practice Update
Congratulations are in order to Kim Gonzalez for passing the Certified Financial Planner test on her first attempt in November.  It is the most respected and important designation you can have when working as a Personal Financial Planner.

Damon was recently featured in Texas Monthly as a Five Star Financial Plannerand he just made the DMagazine 2017 Best Financial Planners list.

Lastly, we are excited to be partnering with Dave Ramsey!  We just became part of his SmartVestor Pro program where he provides us coaching and training and Domestique Capital has been approved to help his radio show listeners in North Texas with their financial planning.  We are about to go through Financial Peace University and are looking forward to learning how to incorporate all of the new resources we have.

2017 has been a great year and we are so thankful for all of our wonderful clients.  If there is anything we can do to serve you, please reply to this email or contact Kim at kim@testing-for-dc.local.

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