The income tax Bill made progress through Congress this week to make serious changes in the formula to calculate your federal income taxes. The Bill is not guaranteed to pass; but, if it is passed, it will not be passed until the joint conference between the House and the Senate hash-out their differences. These differences are significant, and we cannot forecast how they will be reconciled. The timeline, according to our estimate, indicates we will not see the results of the House/Senate conference until December 15th. We will continue to keep you abreast of changes as they become available to us.
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November 21, 2017 | Weekly Commentary