The Tax Cuts and Jobs Act has potentially sweeping implications for the American economy, which will take years to fully understand. But, as of this moment, we can already examine a number of the consequences for Washington, D.C. and Maryland residents.
First, let's take a look at some of the provisions that have been popular among my clients:
Now, for some of the less popular provisions:
Of course, there are literally dozens of other ways tax reform can affect your investments. That is why it is important to consult someone who not only understands the law but also takes the time to learn about your unique circumstance.