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Articles From Lumsden McCormick

2018 Year-End Tax Planning for Individuals

On December 22, 2017, President Trump signed sweeping federal tax reform into law. Tax reform has significantly changed the U.S. tax system for both individuals and businesses. Our eBook covers some of the most impactful measures from tax reform affecting individuals including:

  • The suspension of most itemized deductions
  • The near-doubling of the standard deduction
  • The $10,000 cap on the state and local income and property tax deduction
  • The suspension of personal exemptions
  • The Section 199A deduction for pass-through business owners
  • The increase of alternative minimum tax (AMT) exemptions for individuals
  • The new individual income tax rates and brackets

Download our eBook: 2018 Year-End Tax Planning for Individuals.

2018 Year-End Tax Planning for Individuals

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Dale is an expert in the areas of individual income taxation, estate, trust, and gift tax planning, and succession planning for privately held businesses. Dale works one-on-one with clients to avoid surprises by taking the extra steps to run detailed projections, research likely outcomes, explore flexible tax-saving options, and prepare thoughtful recommendations. Dale enjoys working with both individual and corporate clients, providing valuable tax planning advice while serving as a trusted advisor – in many cases, for multiple generations. He was named partner in 1991 and has been with the Firm for more than 40 years. Dale assists in the supervision of approximately two dozen tax professionals who work together to assure conformity with federal and state tax standards, while minimizing taxes and related costs.


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