An Overview of the 2017 Tax Legislation: Impact to Individuals

An Overview of the 2017 Tax Legislation: Impact to Individuals Prepared by PricewaterhouseCoopers and provided by Morgan Stanley Wealth Management December 2017. Overview of the bill On Wednesday, December 20th, 2017, The Act will have a significant Impact on Congress passed a comprehensive tax the taxation of corporations and reform bill (otherwise known as Individuals , and we encourage you to ). It is now awaiting the work with a tax professional to President's signature. Except where understand how these changes noted, the provisions of outlined specifically Impact your financial in this summary are generally effective picture. The purpose of this document is January 1, 2018 through December to provide a high level Overview of the 31, 2025. After that date, with some Impact of selected provisions of noted exceptions, the rules revert back on US Individuals , and to present topics to existing law.

2 Tax reform update Overview of the bill On Wednesday, December 20th, 2017, Congress passed a comprehensive tax reform bill (otherwise known as “H.R.1”). It is now awaiting the

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