White Paper / Retirement
GOP Unveils Tax Reform Plan: Summary of the Impact on You and Your Business

House Republicans released their long-awaited proposed tax-reform legislation.  The 429-page bill contains broad-reaching changes including reduced tax rates for corporations and most individuals, along with the elimination of several deductions.  Although nothing would change for pretax deferrals to qualified plans, but the tax treatment of nonqualified deferred compensation plans could shift significantly.  This issue of The Beacon provides a  synopsis of the Act.

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